The Myerson-Satterthwaite Theorem

Rebecca and Adrian explain why trading is not always the solution to all problems in economics. The Myerson-Satterthwaite Theorem is an often overlooked although very important theorem in economic game theory. Timestamps: 0:37 Exemplary situation 3:13 Theorem 5:40 Proof mechanism 1 8:33 Proof mechanism 2 13:04 Conclusion This Video is inspired by a video from Game Theory Online. Make sure to check it out for an even closer look into the theorem    • GTO2-3-06: Myerson-Satterthwaite Theorem   You can find the original paper here: https://ac.els-cdn.com/00220531839004... We thank Professor Dr. Elisabeth Schulte for her support in writing and revising the script. We thank Autohaus Nord Hermann Schwarz GmbH for letting us shoot with their car.