Buying and selling information

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Buying and selling in strategic market games

Players may be allowed to both buy and sell the same commodity in a strategic market game. Any outcome of such a game can also be obtained as an outcome of a game in which players either buy or sell. We present a robust example to show that an equilibrium allocation of the buy and sell game may not be so in the corresponding buy or sell game as the set of achievable allocations for any player, ...

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A Knowledge Module: Buying and Selling

This note shows how to formalize a small set of general facts about buying and selling. We begin with summarizing properties of buying/selling informally in English, and give examples of consequences of these assumptions. Then we formalize our assumptions in action language C+ with additive fluents and actions and test the adequacy of the proposed formalization using the Causal Calculator.

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ژورنال

عنوان ژورنال: Bulletin of the Association for Information Science and Technology

سال: 2014

ISSN: 2373-9223

DOI: 10.1002/bult.2014.1720410113