In this study, I examine the alternating‐offer bilateral bargaining model with private correlated values. The correlation of values is modeled via the global games information structure. I focus on the double limits of perfect Bayesian equilibria as offers become frequent and the correlation...

Assets range in the degree of standardization from less standardized real estate or municipal bonds to more standardized futures or Treasuries. I study bargaining over a non-standardized asset between sophisticated investors who possess precise private information about its value to parties. The...