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Figure 1: Regions of the parameter space in which different types of veto incentive compatible mechanisms are trade-maximizing. The details of the mechanisms are given in Proposition 7.
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Journal Article
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DOI
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Efficiency and Information Transmission in Bilateral Trading
[...]
Robert Shimer
1
,
Iván Werning
2
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Institutions (2)
University of Chicago
1
,
Massachusetts Institute of Technology
2
01 Jul 2019
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Review of Economic Dynamics