The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …

specific attention to the efficiency, sustainability, and fairness of solutions to this model. We compare and contrast both …

designer can leverage the fairness of the monopolist to restore the extracted bargaining efficiency. Employing a durable goods …Monopolists often exploit a deadline to boost their bargaining power, but historically, experiments document … a laboratory experiment to find that the threat device is even more robustly effective; a non-zero threat augments the …