IDEAS home Printed from https://ideas.repec.org/a/wsi/igtrxx/v07y2005i04ns0219198905000673.html
   My bibliography  Save this article

"May I Please Pay A Higher Price?": Sustaining Non-Simultaneous Exchange Through Free Disposal Of Bargaining Advantage

Author

Listed:
  • TIMOTHY MATHEWS

    (Department of Economics, California State University-Northridge, 18111 Nordhoff St., Northridge, CA 91330-8374, USA)

Abstract

The issue of whether or not trade can be sustained when exchange is non-simultaneous is addressed. An environment in which a buyer is exposed to the possibility that a seller will not deliver an item which has been paid for is examined. Situations of this nature often arise when consumer-to-consumer trade is negotiated via the internet. Repeated interaction between a single seller and a single buyer is modelled, assuming each has incomplete information about the type of their prospective trading partner. It is possible for an agent to be better off with less relative bargaining power. Thus, if an agent can reduce his own relative bargaining power, he may choose to do so.

Suggested Citation

  • Timothy Mathews, 2005. ""May I Please Pay A Higher Price?": Sustaining Non-Simultaneous Exchange Through Free Disposal Of Bargaining Advantage," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 7(04), pages 501-515.
    • Handle: RePEc:wsi:igtrxx:v:07:y:2005:i:04:n:s0219198905000673
    DOI: 10.1142/S0219198905000673
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219198905000673
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219198905000673?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Non-simultaneous exchange; transactional relationships; internet transactions; market structure and pricing; JEL Classification: C70; JEL Classification: D40; JEL Classification: L14;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:igtrxx:v:07:y:2005:i:04:n:s0219198905000673. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/igtr/igtr.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.