preferences, results in bargaining inefficiencies: trade often occurs after costly delay. Thus, the model provides an explanation …The resolution of any bargaining conflict depends crucially on the relative urgency of the agents to reach agreement …-horizon bargaining model with two-sided uncertainty, how timing and information affect the rational behaviour of agents when commitment …

I analyze a bilateral bargaining model with one-sided uncertainty about time preferences. The uninformed player has the … option of halting the bargaining process to obtain additional information, when it is his turn to offer. For a wide class of …

This paper studies a dynamic bargaining model with informational externalities between bargaining pairs. Two principals …

two sources: the traders discount future payoffs and there are transaction costs of bargaining. Equilibrium behavior … relative bargaining costs. This contrasts with the pure discounting model where termination never occurs, and the pure …

sequential bargaining game rather than a static mechanism; however, when the buyer's delay costs are higher, then a static …The introductory discussion presented in this chapter considers the simplest type of sequential bargaining games in … perfect bargaining mechanisms, which satisfy the desirable properties of incentive compatibility (i.e., each player reports …

involves an inefficient delay. As the commitment power of the principals decreases, this incentive becomes stronger. When …

agreements. Informational differences provide an appealing explanation for bargaining inefficiencies. This chapter provides an … overview of the theoretical and empirical literature on bargaining with incomplete information.The chapter begins with an … analysis of bargaining within a mechanism design framework. A modern development is provided of the classic result that, given …

We study the alternating-offers bargaining problem of assigning an indivisible and commonly valued object to one of two … veto power over any settlement. There is no depreciation during the bargaining process which involves signalling of private …

construct a double limit that approximates the Nash bargaining split in the ex post surplus, but with a delay. Further, I prove …In this study, I examine the alternating‐offer bilateral bargaining model with private correlated values. The … limits and show that it is efficient, but the surplus split generally differs from the Nash bargaining split. I then …

the bargaining game where the ex post Nash bargaining solution with no delay is asymptotically implemented with …We consider a non-cooperative sequential bargaining game with incomplete information where two players negotiate for … probability one. Further, the ex post Nash bargaining solution is a unique outcome of a stationary equilibrium under the property …