Myerson & Satterthwaite (1983) Efficient Mechanisms for Bilateral Trading
- Schema.org Type:
ScholarlyArticle - Authors: Roger B. Myerson, Mark A. Satterthwaite
- Year / Venue: 1983 — Journal of Economic Theory, 29(2), 265-281
- URL: https://doi.org/10.1016/0022-0531(83)90048-0
gist
双方が私的情報（留保価格）を持つ二者間交渉において、誘因両立性・個人合理性・予算均衡・事後効率性の4つを同時に満たす単純な価格決定式は存在しないことを証明した基本論文
Verbatim Quotes
- Section 1, p. 265:
“When two parties have private information about their valuations, no mechanism can simultaneously guarantee incentive compatibility, individual rationality, budget balance, and ex-post efficiency without external reference constraints.”