Results
- Sellers should adjust their offer according to the Buyer's distribution
- No Chat condition:
Results
- Sellers should adjust their offer according to the Buyer's distribution
- No Chat condition:
Results
- Sellers should adjust their offer according to the Buyer's distribution
- No Chat condition:
Results
- Sellers should adjust their offer according to the Buyer's distribution
- No Chat condition:
Results
- Sellers should adjust their offer according to the Buyer's distribution
- No Chat condition:
Results
- Sellers should adjust their offer according to the Buyer's distribution
- No Chat condition:
Results
- We should expect efficiency gains from the delegation mechanism
- Chat should generate more efficient outcomes for take-it-or-leave-it but not for delegation
Results
- We should expect efficiency gains from the delegation mechanism
- Chat should generate more efficient outcomes for take-it-or-leave-it but not for delegation
Results
- We should expect efficiency gains from the delegation mechanism
- Chat should generate more efficient outcomes for take-it-or-leave-it but not for delegation
Results
- We should expect efficiency gains from the delegation mechanism
- Chat should generate more efficient outcomes for take-it-or-leave-it but not for delegation
Meaningful efficiency
gains through delegation
Results
- We should expect efficiency gains from the delegation mechanism
- Chat should generate more efficient outcomes for take-it-or-leave-it but not for delegation
Meaningful efficiency
gains through delegation
Meaningful efficiency
gains through chat
Results
- We should expect efficiency gains from the delegation mechanism
- Chat should generate more efficient outcomes for take-it-or-leave-it but not for delegation
Meaningful efficiency
gains through delegation
Meaningful efficiency
gains through chat
Limited efficiency
gains through chat
Delegation reduces
inefficient accepted offers
What types of inefficiency occur?
Delegation reduces
inefficient accepted offers
Delegation reduces
inefficient accepted offers
Seller extracting more
Buyer extracting more
Results
- How often do trades breakdown?
- No Chat condition:
27% failure
23% failure
Results
- How often do trades breakdown?
- No Chat condition:
16% failure
19% failure
Copy of caltech delegation
By bjw95
