distribution of the buyer's reservation price. We show that periods with no buyer refusals, of offers or bargaining with no …

matching protocol, but does not interfere with the bargaining, eliminates all delay. Even though this efficient centralized …

matching protocol, but does not interfere with the bargaining, eliminates all delay. Even though this efficient centralized …

matching protocol, but does not interfere with the bargaining, eliminates all delay. Even though this efficient centralized …

We model takeovers as a bargaining process and explain termination fees for, both, the target and the acquirer, subject … to parties’ bargaining power and outside options. In equilibrium, termination fees are offered by firms with outside … options in exchange for a greater share of merger synergies. Termination fees decrease in firms’ bargaining power, and …

This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …

engage in an auction. The agents may choose whether to go to markets with bargaining or posted prices. We show that both …We study markets with two types of agents. Sellers have an indivisible good for sale, and their reservation value is … number of buyers, and they may choose to determine the price of the good either by bargaining or by posting prices. These …

I examine the consequences of letting players compete for bargaining power in a multilateral bargaining game. In each …

solution is described by a simple ordinary differential equation. Our analysis combines insights from bargaining, auctions, and …