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Sequential Bargaining with Correlated Values

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Author Info
Evans, Robert

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Abstract

This paper analyzes an infinite-horizon sequential bargaining game (with one-sided offers) between a buyer and a seller when the buyer's valuation depends on the seller's; the seller knows the value of the object and the buyer does not. The influence of relative discount factors on the solution is studied. It is shown, for example, that an impasse may result if the buyer (offeror) is too impatient relative to the seller: the buyer makes a single take-it-or-leave it offer. Copyright 1989 by The Review of Economic Studies Limited.

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File URL: http://links.jstor.org/sici?sici=0034-6527%28198910%2956%3A4%3C499%3ASBWCV%3E2.0.CO%3B2-M&origin=bc
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Publisher Info
Article provided by Blackwell Publishing in its journal Review of Economic Studies.

Volume (Year): 56 (1989)
Issue (Month): 4 (October)
Pages: 499-510
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Handle: RePEc:bla:restud:v:56:y:1989:i:4:p:499-510

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6527

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  1. Paul Schweinzer, 2006. "Sequential bargaining with pure common values," Discussion Papers 137, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
  2. Juan D Carrillo & Thomas R Palfrey, 2008. "No Trade," Levine's Bibliography 122247000000001839, UCLA Department of Economics. [Downloadable!]
  3. Raymond Deneckere & Meng-Yu Liang, 2001. "Bargaining with Interdependent Values," UWO Department of Economics Working Papers 20017, University of Western Ontario, Department of Economics. [Downloadable!]
  4. Roberto Serrano, 2007. "Bargaining," Working Papers 2007-06, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales. [Downloadable!]
  5. Feinberg, Yossi & Skyzypacz, Andrzej, 2002. "Uncertainty about Uncertainty and Delay in Bargaining," Research Papers 1765, Stanford University, Graduate School of Business. [Downloadable!]
  6. Sexton, Richard J., 1994. "A Survey of Noncooperative Game Theory with Reference to Agricultural Markets: Part 2. Potential Applications in Agriculture," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 62(02), August. [Downloadable!]
  7. Philip Bond & Hülya Eraslan, 2004. "Strategic Voting over Strategic Proposals, Second Version," PIER Working Paper Archive 07-014, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 02 Jan 2007. [Downloadable!]
  8. Sexton, Richard J., 1993. "Noncooperative Game Theory: A Review with Potential Applications to Agricultural Markets," Research Reports 25183, University of Connecticut, Food Marketing Policy Center. [Downloadable!]
  9. Philip Bond & Hulya Eraslan, 2008. "Strategic Voting over Strategic Proposals," Economics Working Paper Archive 547, The Johns Hopkins University,Department of Economics. [Downloadable!]
  10. Abhinay Muthoo & Suresh Mutuswami, 2005. "Competition and Efficiency in Markets with Quality Uncertainty," Economics Discussion Papers 593, University of Essex, Department of Economics. [Downloadable!]
  11. Philip Bond & Hulya Eraslan, 2007. "Information-based trade," Levine's Bibliography 122247000000001689, UCLA Department of Economics. [Downloadable!]
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This page was last updated on 2009-11-22.


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