On the Efficiency of Transactions with Misrepresentation Costs

This research studies how different shapes of misrepresentation cost affect efficiency when the surplus of a transaction is privately known by the agent. We find that the outcome is Pareto efficient if and only if the misrepresentation costs of agents with medium surplus are large enough, and the misrepresentation costs for agents with high surplus are moderate

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Year of publication:	2022
Authors:	Tam, Yin Chi
Publisher:	[S.l.] : SSRN
Subject:	Transaktionskosten \| Transaction costs \| Theorie \| Theory \| Effizienz \| Efficiency \| Allokationseffizienz \| Allocative efficiency \| Kosten \| Costs

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Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.4231940 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014076501