Fuchs, William; Skrzypacz, Andrzej - In: American Economic Journal: Microeconomics 5 (2013) 4, pp. 219-43
We study dynamic bargaining with private information and a deadline. As commitment power disappears, there is a clear "deadline effect." That is, trade takes place smoothly before the deadline and with an atom right at the deadline. Prices, timing of trade, and the deadline effect respond to the...