Trade Mechanism Selection in Markets with Frictions

Article OPEN
Camera, Gabriele; Delacroix, Alain;
(2004)
  • Related identifiers: doi: 10.1016/j.red.2004.04.002
  • Subject: Search | Search, Prices, Negotiations, Asymmetric Information | Asymmetric information | Negotiations | Prices | Economics and Econometrics
    • jel: jel:C78 | jel:D4 | jel:D83 | jel:D82
    acm: TheoryofComputation_GENERAL | ComputingMilieux_COMPUTERSANDSOCIETY

We endogenize the trade mechanism in a search economy with many homogenous sellers and many heterogeneous buyers of unobservable type. We study how heterogeneity and the traders' continuation values -- which are endogenous -- influence the sellers' choice of trade mecha... View more
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