Article ID Journal Published Year Pages File Type
972073 Mathematical Social Sciences 2011 5 Pages PDF
Abstract

We reconsider the model used by Serrano and Yosha (1993) who were interested in information revelation in markets with pairwise meetings. We prove that there exists an additional equilibrium not detected in the original paper and show that this equilibrium is characterized by incomplete revelation of information which was not the case of the other already identified equilibria of the model.

Related Topics
Physical Sciences and Engineering Mathematics Applied Mathematics
Authors
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