Güth, Werner; Kröger, Sabine; Normann, Hans-Theo - In: Economic Inquiry 42 (2004) 3, pp. 413-424
We analyze a durable-goods monopoly selling a single unit of a good to a buyer whose value of the good is private information. The discount factors of the buyer and the seller may differ and are also privately known. We derive the closed-form solution of a two-period game and compare it to the...