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Georgia Kosmopoulou
''Dependence in Private Values and Efficiency in Bilateral Trade.''
( 2001, Vol. 3 No.9 )
In a bargaining model with dependent private information, I extend the result on existence of efficient mechanisms allowing any distribution of the surplus among traders. This generalization introduces flexibility into the model since full surplus extraction by one trader is incompatible with ex post individual rationality.
Keywords: Bilateral Trade
Manuscript Received : Aug 14 2001 Manuscript Accepted : Aug 15 2001

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