CORDIS Project
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This project explores how reputation influences market dynamics and outcomes in environments where sellers can announce demands without commitment, while buyers negotiate for better deals. It employs game theory to analyze trading mechanisms and identify optimal strategies for market participants.
The main objective of this project is to investigate the effects of reputation on equilibrium outcomes and microstructure of the markets where sellers announce their demands, but do not have to commit, while buyers can move back and forth between the sellers and negotiate to get a better deal.
For this purpose, it aims to analyze the dynamics of the trading mechanisms and the properties of the equilibrium outcomes that we observe in such markets in a game-theoretical framework.
Ultimately, the p…
SABANCI UNIVERSITESI
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