Informational Hold Up and Intermediaries
Why do some incomplete information markets feature intermediaries while others do not? I study the allocation of two goods in an incomplete information setting with a single principal, multiple agents with unit demand, and interdependent valuations. I construct a novel dynamic mechanism implemented...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-09-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/13/5/63 |