: Ebbe Hendon; Sloth, Birgitte; Tranæs, Torben - Økonomisk Institut, Københavns Universitet - 1993
Rubinstein and Wolinsky (1990) study a market with one seller, two buyers, and voluntary matching. Both the competitive outcome p[subscript c] and the bilateral bargaining outcome p[subscript b] are possible in subgame perfect equilibrium. We consider two variations. First, if there is a cost...