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- W4313334438 abstract "This paper studies the design of efficient mechanisms for repeated bilateral trade in settings where (i) traders' values and costs evolve randomly with time, and (ii) the traders become ready and available to participate in the mechanism at random times. Under a weak condition, analogous to the non-overlapping supports condition of Myerson and Satterthwaite (1983), efficient trade is only feasible if the mechanism runs an expected budget deficit. The smallest such deficit is attainable by a sequence of static mechanisms." @default.
- W4313334438 created "2023-01-06" @default.
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- W4313334438 date "2023-03-01" @default.
- W4313334438 modified "2023-10-14" @default.
- W4313334438 title "Ready to trade? On budget-balanced efficient trade with uncertain arrival" @default.
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- W4313334438 doi "https://doi.org/10.1016/j.geb.2022.12.007" @default.
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