Pricing Novel Goods
(2023)
Conference Proceeding
Giovannoni, F., & Hinnosaar, T. (2023). Pricing Novel Goods. In EC '23: Proceedings of the 24th ACM Conference on Economics and Computation (737). https://doi.org/10.1145/3580507.3597694
Consider a pharmaceutical company (the seller) contemplating supplying a vaccine for a new disease to a health authority (the buyer). The production cost is uncertain ex-ante and unverifiable ex-post. Both parties prefer an early agreement. But an ea... Read More about Pricing Novel Goods.