Mechanisms for Repeated Trade
How does feasibility of efficient repeated trade depend on the features of the environment such as persistence of values, private information about their evolution, or trading frequency? We derive a necessary and sufficient condition for efficient, unsubsidized, and voluntary trade, which implies th...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
American Economic Association (AEA)
2017
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| Online Access: | http://hdl.handle.net/1721.1/109383 https://orcid.org/0000-0003-0400-5733 |