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Social Sciences x General Equilibrium and Disequilibrium x Game Theory and Bargaining Theory x clear all

Learning and Price Discovery in a Search Market

Stephan Lauermann, Wolfram Merzyn and Gábor Virág.

in The Review of Economic Studies

April 2018; p ublished online June 2017 .

Journal Article. Subjects: Game Theory and Bargaining Theory; Market Structure and Pricing; General Equilibrium and Disequilibrium; Information, Knowledge, and Uncertainy. 20476 words.

Abstract

We introduce learning into an otherwise standard two-sided search-and-bargaining market. There is uncertainty about the price distribution due to...