Brunel University Research Archive(BURA) preserves and enables easy and open access to all
types of digital content. It showcases Brunel's research outputs.
Research contained within BURA is open access, although some publications may be subject
to publisher imposed embargoes. All awarded PhD theses are also archived on BURA.
Please use this identifier to cite or link to this item:
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 |
Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.