Brams, Steven J.; Kaplan, Todd; Kilgour, D. Marc - Department of Economics, University of Haifa
We describe a simple 2-stage mechanism that induces two bargainers to be truthful in reporting their reservation prices in a 1st stage. If these prices criss-cross, the referee reports that they overlap, and the bargainers proceed to make offers in a 2nd stage. The average of the 2nd-stage...
