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http://bura.brunel.ac.uk/handle/2438/3551
Title: | The pricing mechanism to the buyer with a budget constraint and an indirect mechanism |
Authors: | Kojima, N |
Keywords: | Multi-dimensional mechanism; indirect mechanism; budget constraint; revelation principle |
Issue Date: | 2004 |
Publisher: | Brunel University |
Citation: | Economics and Finance Discussion Papers, Brunel University, 05-07. |
Abstract: | The present article considers the situation in which the buyer’s taste and budget are his private information. In this multi-dimensional setting, we study the optimal mechanism through a canonical mechanism in the traditional one-dimensional context: a function of one variable, the buyer’s taste. In our multi-dimensional context, however, this is an indirect mechanism. We investigate the effectiveness and limit of this indirect mechanism in the framework of the revelation principle. |
URI: | http://bura.brunel.ac.uk/handle/2438/3551 |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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