@inproceedings{ad64a9b912334e8f86816e6fe7113aa5,
title = "Bilateral Trade under Information Asymmetry and Quantized Measurements",
abstract = "Bilateral trading games are considered in which the buyer has access to more accurate information about the seller's valuation. The accuracy of the information, acquired by the buyer, is captured using quantization levels. We study how the level of accuracy and the rule for setting the final price in the bilateral trade game change the probability of striking a deal between the parties as well as the expected payoff of various parties. We also quantify the information level that maximizes the gain in the payoff for the smallest price of research assuming that acquiring accurate information is costly.",
author = "Farhad Farokhi and Iman Shames",
note = "Publisher Copyright: {\textcopyright} 2018 IEEE.; 57th IEEE Conference on Decision and Control, CDC 2018 ; Conference date: 17-12-2018 Through 19-12-2018",
year = "2018",
month = jul,
day = "2",
doi = "10.1109/CDC.2018.8619518",
language = "English",
series = "Proceedings of the IEEE Conference on Decision and Control",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
pages = "5832--5837",
booktitle = "2018 IEEE Conference on Decision and Control, CDC 2018",
address = "United States",
}