Gains-from-Trade in Bilateral Trade with a Broker

I Hajiaghayi, MT Hajiaghayi, G Peng, S Shin - … of the 2025 Annual ACM-SIAM …, 2025 - SIAM
We study bilateral trade with a broker, where a buyer and seller interact exclusively through
the broker. The broker strategically maximizes her payoff through arbitrage by trading with …

Approximately Efficient Bilateral Trade with Samples

Y Deng, J Mao, B Sivan, K Wang, J Wu - arxiv preprint arxiv:2502.13122, 2025 - arxiv.org
We study the social efficiency of bilateral trade between a seller and a buyer. In the classical
Bayesian setting, the celebrated Myerson-Satterthwaite impossibility theorem states that no …