Kaya, Ayça; Liu, Qingmin - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 2, pp. 341-383
We study the role that price transparency plays in determining the efficiency and surplus division in a sequential bargaining model of price formation with asymmetric information. Under natural assumptions on type distributions, and for any discount factor, we show that the unobservability of...
