کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5100101 1478736 2017 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Incentive compatible and stable trade mechanisms on networks
ترجمه فارسی عنوان
سازگاری سازگار و پایدار تجاری در شبکه ها
کلمات کلیدی
مکانیسم های بازرگانی، شبکه های، استراتژی مقاومتی، ثبات تجارت دو جانبه، چرخه، کاهش تقاضا،
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We study a network of buyers and sellers where each seller owns an indivisible object and has no incentive to keep it, while each buyer has a downward sloping demand curve which is private information. Only the connected buyer-seller pairs can engage in trade. We search for trade mechanisms that are efficient, strategy-proof, bilateral trade stable and individually rational. In general, there does not exist a trade mechanism simultaneously satisfying these properties. The tension between strategy-proofness and bilateral trade stability is generated by the intersection between sets of competitors of a buyer at different sellers. Such intersections often allow the buyer to manipulate (via demand reductions) the prices paid in the network. The observed tension can be resolved if and only if the underlying network is cycle-free. In such a case, there is a unique trade mechanism which satisfies our four properties, a generalized Vickrey auction.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 169, May 2017, Pages 218-233
نویسندگان
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