Please use this identifier to cite or link to this item: http://hdl.handle.net/10261/1893
Share/Export:
logo share SHARE BASE
Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL | DATACITE

Invite to open peer review
Title

Search and bargaining in large markets with homogeneous traders

AuthorsPonsatí, Clara CSIC
KeywordsBargaining
Market Equilibrium
Outside Options
Issue Date1-Sep-2001
SeriesUFAE and IAE Working Papers
533.02
AbstractWe study pair-wise decentralized trade in dynamic markets with homogeneous, non-atomic, buyers and sellers that wish to exchange one unit. Pairs of traders are randomly matched and bargaining a price under rules that offer the freedom to quit the match at any time. Market equilbria, prices and trades over time, are characterized. The asymptotic behavior of prices and trades as frictions (search costs and impatience) vanish, and the conditions for (non) convergence to walrasian prices are explored. As a side product of independent interest, we present a self-contained theory of non-cooperative bargaining with two-sided, time-varying, outside options.
DescriptionTrabajo publicado como artículo en Contributions in Theoretical Economics 4(1): (2004).-- http://dx.doi.org/10.2202/1534-5971.1099
URIhttp://hdl.handle.net/10261/1893
Appears in Collections:(IAE) Informes y documentos de trabajo




Files in This Item:
File Description SizeFormat
53302.pdf959,56 kBAdobe PDFThumbnail
View/Open
Show full item record

CORE Recommender

Page view(s)

450
checked on May 21, 2024

Download(s)

167
checked on May 21, 2024

Google ScholarTM

Check


WARNING: Items in Digital.CSIC are protected by copyright, with all rights reserved, unless otherwise indicated.