Trading Mechanism Selection with Directed Search when Buyers are Risk Averse
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Selcuk, Cemil, 2012. "Trading mechanism selection with directed search when buyers are risk averse," Economics Letters, Elsevier, vol. 115(2), pages 207-210.
References listed on IDEAS
- Rubinstein, Ariel, 1982.
"Perfect Equilibrium in a Bargaining Model,"
Econometrica, Econometric Society, vol. 50(1), pages 97-109, January.
- Ariel Rubinstein, 2010. "Perfect Equilibrium in a Bargaining Model," Levine's Working Paper Archive 661465000000000387, David K. Levine.
- Ariel Rubinstein, 2010. "Perfect Equilibrium in a Bargaining Model," Levine's Working Paper Archive 252, David K. Levine.
- Michael Peters, 1997. "A Competitive Distribution of Auctions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(1), pages 97-123.
- McAfee, R Preston, 1993. "Mechanism Design by Competing Sellers," Econometrica, Econometric Society, vol. 61(6), pages 1281-1312, November.
- Wang, Ruqu, 1993.
"Auctions versus Posted-Price Selling,"
American Economic Review, American Economic Association, vol. 83(4), pages 838-851, September.
- Ruqu Wang, 1991. "Auctions Versus Posted-Price Selling," Working Paper 812, Economics Department, Queen's University.
- Kultti, K.K., 1997. "Equivalence of Auctions and Posted Prices," Other publications TiSEM fad8afd3-eb42-4a0d-8d60-8, Tilburg University, School of Economics and Management.
- Kultti, Klaus, 1999.
"Equivalence of Auctions and Posted Prices,"
Games and Economic Behavior, Elsevier, vol. 27(1), pages 106-113, April.
- Kultti, K.K., 1997. "Equivalence of Auctions and Posted Prices," Discussion Paper 1997-57, Tilburg University, Center for Economic Research.
- Kultti, K.K., 1997. "Equivalence of Auctions and Posted Prices," Other publications TiSEM fad8afd3-eb42-4a0d-8d60-8, Tilburg University, School of Economics and Management.
- Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, December.
- Eeckhout, Jan & Kircher, Philipp, 2010.
"Sorting versus screening: Search frictions and competing mechanisms,"
Journal of Economic Theory, Elsevier, vol. 145(4), pages 1354-1385, July.
- Eeckhout, Jan & Kircher, Philipp, 2010. "Sorting versus screening: search frictions and competing mechanisms," LSE Research Online Documents on Economics 29704, London School of Economics and Political Science, LSE Library.
- Benoit Julien & John Kennes & Ian King, 2000.
"Bidding for Labor,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(4), pages 619-649, October.
- Julien, B. & Kennes, J. & King, I., 1998. "Bidding for Labour," Discussion Papers dp98-03, Department of Economics, Simon Fraser University.
- Wang, Ruqu, 1995. "Bargaining versus posted-price selling," European Economic Review, Elsevier, vol. 39(9), pages 1747-1764, December.
- Peters, Michael, 2000.
"Limits of Exact Equilibria for Capacity Constrained Sellers with Costly Search,"
Journal of Economic Theory, Elsevier, vol. 95(2), pages 139-168, December.
- Michael Peters, 1998. "Limits of Exact Equilibria for Capacity Constrained Sellers with costlySearch," Working Papers peters-98-01, University of Toronto, Department of Economics.
- Kenneth Burdett & Shouyong Shi & Randall Wright, 2001. "Pricing and Matching with Frictions," Journal of Political Economy, University of Chicago Press, vol. 109(5), pages 1060-1085, October.
- Gabriele Camera & Cemil Selcuk, 2010. "Multi-player Bargaining with Endogenous Capacity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(3), pages 637-653, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Goldberg, Linda & Tille, Cédric, 2013.
"A bargaining theory of trade invoicing and pricing,"
Kiel Working Papers
1839, Kiel Institute for the World Economy (IfW Kiel).
- Goldberg, Linda S. & Tille, Cédric, 2013. "A bargaining theory of trade invoicing and pricing," CEPR Discussion Papers 9447, C.E.P.R. Discussion Papers.
- Linda S. Goldberg & Cédric Tille, 2013. "A bargaining theory of trade invoicing and pricing," Globalization Institute Working Papers 144, Federal Reserve Bank of Dallas.
- Linda S. Goldberg & Cédric Tille, 2013. "A Bargaining Theory of Trade Invoicing and Pricing," NBER Working Papers 18985, National Bureau of Economic Research, Inc.
- Linda Goldberg & Cedric Tille, 2013. "A Bargaining Theory of Trade Invoicing and Pricing," IHEID Working Papers 08-2013, Economics Section, The Graduate Institute of International Studies.
- Linda S. Goldberg & Cédric Tille, 2013. "A bargaining theory of trade invoicing and pricing," Staff Reports 611, Federal Reserve Bank of New York.
- Julien, Benoît & Roger, Guillaume, 2018. "Bidding for incentive contracts," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 95-105.
- Godenhielm Mats & Kultti Klaus, 2015.
"Directed Search with Endogenous Capacity,"
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 15(2), pages 211-249, July.
- Klaus Kultti & Mats Godenhielm, 2011. "Directed search with endogenous capacity," 2011 Meeting Papers 1025, Society for Economic Dynamics.
- Randall Wright & Philipp Kircher & Benoit Julîen & Veronica Guerrieri, 2017.
"Directed Search: A Guided Tour,"
NBER Working Papers
23884, National Bureau of Economic Research, Inc.
- Kircher, Philipp & Wright, Randall & Julien, Benoit & Guerrieri, Veronica, 2017. "Directed Search: A Guided Tour," CEPR Discussion Papers 12315, C.E.P.R. Discussion Papers.
- Camera, Gabriele & Kim, Jaehong, 2013.
"Buyer’s equilibrium with capacity constraints and restricted mobility: A recursive approach,"
Economics Letters, Elsevier, vol. 118(2), pages 321-323.
- Gabriele Camera & Jaehong Kim, 2012. "Buyer's Equilibrium with Capacity Constraints and Restricted Mobility: a Recursive Approach," Working Papers 12-28, Chapman University, Economic Science Institute.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Selcuk, Cemil, 2011. "Trading mechanism selection with budget constraints," MPRA Paper 36227, University Library of Munich, Germany.
- Eeckhout, Jan & Kircher, Philipp, 2010.
"Sorting versus screening: Search frictions and competing mechanisms,"
Journal of Economic Theory, Elsevier, vol. 145(4), pages 1354-1385, July.
- Eeckhout, Jan & Kircher, Philipp, 2010. "Sorting versus screening: search frictions and competing mechanisms," LSE Research Online Documents on Economics 29704, London School of Economics and Political Science, LSE Library.
- Matthew Doyle & Jacob Wong, 2013.
"Wage Posting Without Full Commitment,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(2), pages 231-252, April.
- Matthew Doyle & Jacob Wong, 2008. "Wage Posting Without Full Commitment," School of Economics and Public Policy Working Papers 2008-01, University of Adelaide, School of Economics and Public Policy.
- Matthew Doyle & Jacob Wong, 2008. "Wage Posting Without Full Commitment," Working Papers 08004, University of Waterloo, Department of Economics.
- Selcuk, Cemil, 2017. "Auctions vs. fixed pricing: Competing for budget constrained buyers," Games and Economic Behavior, Elsevier, vol. 103(C), pages 262-285.
- Kennes, John & le Maire, Daniel & Roelsgaard, Sebastian T., 2020.
"Equivalence of canonical matching models,"
Games and Economic Behavior, Elsevier, vol. 124(C), pages 169-182.
- John Kennes & Daniel le Maire & Sebastian Roelsgaard, 2018. "Equivalence of Canonical Matching Models," Economics Working Papers 2018-08, Department of Economics and Business Economics, Aarhus University.
- repec:cte:werepe:we035120 is not listed on IDEAS
- Virág, Gábor, 2011. "High profit equilibria in directed search models," Games and Economic Behavior, Elsevier, vol. 71(1), pages 224-234, January.
- Jansen, Marcel, 2004. "Can Job Competition Prevent Hold-Ups?," IZA Discussion Papers 988, Institute of Labor Economics (IZA).
- Julien, Benoit & Kennes, John & King, Ian Paul, 2011. "Implementing the Mortensen rule in a frictional labor market," Journal of Macroeconomics, Elsevier, vol. 33(1), pages 80-91, March.
- Pedro Gomis‐Porqueras & Benoit Julien & Chengsi Wang, 2017. "Strategic Advertising And Directed Search," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(3), pages 783-806, August.
- Germano, Fabrizio, 2003. "Bertrand-edgeworth equilibria in finite exchange economies," Journal of Mathematical Economics, Elsevier, vol. 39(5-6), pages 677-692, July.
- Jacquet, Nicolas L. & Tan, Serene, 2012. "Wage-vacancy contracts and coordination frictions," Journal of Economic Theory, Elsevier, vol. 147(3), pages 1064-1104.
- Kultti, K.K., 1997. "Price Formation by Bargaining and Posted Prices," Other publications TiSEM 7ee74b3e-ec54-472e-b1d3-a, Tilburg University, School of Economics and Management.
- Julien, Benoît & Roger, Guillaume, 2018. "Bidding for incentive contracts," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 95-105.
- John Kennes, 2006.
"Competitive Auctions: Theory and Application,"
Contributions to Economic Analysis, in: Structural Models of Wage and Employment Dynamics, pages 145-168,
Emerald Group Publishing Limited.
- John Kennes, 2004. "Competitive Auctions: Theory and Application," Discussion Papers 04-16, University of Copenhagen. Department of Economics.
- John Kennes, 2004. "Competitive Auctions: Theory and Application," CAM Working Papers 2004-17, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
- Richard Dutu & Benoit Julien & Ian King, 2009. "Liquidity Constrained Competing Auctions," Department of Economics - Working Papers Series 1068, The University of Melbourne.
- Philipp Kircher & Jan Eeckhout, 2008. "Prices as Optimal Competitive Sales Mechanisms," 2008 Meeting Papers 504, Society for Economic Dynamics.
- John Kennes & Aaron Schiff, 2003. "The Value of a Reputation System," Industrial Organization 0301011, University Library of Munich, Germany.
- Godenhielm Mats & Kultti Klaus, 2015.
"Directed Search with Endogenous Capacity,"
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 15(2), pages 211-249, July.
- Klaus Kultti & Mats Godenhielm, 2011. "Directed search with endogenous capacity," 2011 Meeting Papers 1025, Society for Economic Dynamics.
- Kultti, K.K., 1997.
"Price Formation by Bargaining and Posted Prices,"
Other publications TiSEM
7ee74b3e-ec54-472e-b1d3-a, Tilburg University, School of Economics and Management.
- Kultti, K.K., 1997. "Price Formation by Bargaining and Posted Prices," Discussion Paper 1997-56, Tilburg University, Center for Economic Research.
- Jansen, Marcel, 2010. "Job auctions and hold-ups," Labour Economics, Elsevier, vol. 17(3), pages 608-619, June.
More about this item
Keywords
Directed Search; Competing Mechanisms; Risk Aversion;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:36224. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.