1. A seller is privately informed of the value v of the good that she sells...
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1. A seller is privately informed of the value v of the good that she sells to a buyer. The buyer' prior belief on v is uniformly distributed on [x, y] with 0 1. A seller is privately informed of the value v of the good that she sells to a buyer. The buyer' prior belief on v is uniformly distributed on [x, y] with 0
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a To find the optimal offer that the buyer can make we need to consider the sellers decision to accept or reject the offer When the buyer proposes a p... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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