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Information Transmission in Markets

Project description

How to solve the basic bargaining problem

When selling, buying or exchanging goods and services, as is the case with every type of business transaction, there’s usually a certain level of bargaining involved. The price, for instance, is debated between the buyer and seller. However, our knowledge about bargaining with two-sided asymmetric information remains limited. The ERC-funded InfoTrans project will develop a new way to analyse markets with asymmetric information. Specifically, it will analyse dynamic pricing by privately informed sellers in markets with independent values. Focusing on various markets (real estate, durable goods, intermediate goods and financial markets), InfoTrans will also consider interdependent values and multilateral settings with multiple sellers.

Host institution

RHEINISCHE FRIEDRICH-WILHELMS-UNIVERSITAT BONN
Net EU contribution
€ 719 596,00
Address
Regina Pacis Weg 3
53113 Bonn
Germany

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Region
Nordrhein-Westfalen Köln Bonn, Kreisfreie Stadt
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00

Beneficiaries (1)

RHEINISCHE FRIEDRICH-WILHELMS-UNIVERSITAT BONN
Germany
Net EU contribution
€ 719 596,00
Address
Regina Pacis Weg 3
53113 Bonn

See on map

Region
Nordrhein-Westfalen Köln Bonn, Kreisfreie Stadt
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00