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An Example of Price Formation in Bilateral Situations: A Bargaining Model with Incomplete Information


  • Perry, Motty


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  • Perry, Motty, 1986. "An Example of Price Formation in Bilateral Situations: A Bargaining Model with Incomplete Information," Econometrica, Econometric Society, vol. 54(2), pages 313-321, March.
  • Handle: RePEc:ecm:emetrp:v:54:y:1986:i:2:p:313-21

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    References listed on IDEAS

    1. Forni, Mario & Lippi, Marco, 2001. "The Generalized Dynamic Factor Model: Representation Theory," Econometric Theory, Cambridge University Press, vol. 17(06), pages 1113-1141, December.
    2. Pepper, John V., 2002. "Robust inferences from random clustered samples: an application using data from the panel study of income dynamics," Economics Letters, Elsevier, vol. 75(3), pages 341-345, May.
    3. Case, Anne C, 1991. "Spatial Patterns in Household Demand," Econometrica, Econometric Society, vol. 59(4), pages 953-965, July.
    4. Chamberlain, Gary & Rothschild, Michael, 1983. "Arbitrage, Factor Structure, and Mean-Variance Analysis on Large Asset Markets," Econometrica, Econometric Society, vol. 51(5), pages 1281-1304, September.
    5. Mario Forni & Marc Hallin & Marco Lippi & Lucrezia Reichlin, 2000. "The Generalized Dynamic-Factor Model: Identification And Estimation," The Review of Economics and Statistics, MIT Press, vol. 82(4), pages 540-554, November.
    6. Clark, Peter K, 1973. "A Subordinated Stochastic Process Model with Finite Variance for Speculative Prices," Econometrica, Econometric Society, vol. 41(1), pages 135-155, January.
    7. Kloek, T, 1981. "OLS Estimation in a Model Where a Microvariable Is Explained by Aggregates and Contemporaneous Disturbances Are Equicorrelated," Econometrica, Econometric Society, vol. 49(1), pages 205-207, January.
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    Cited by:

    1. Perry, Motty & Solon, Gary, 1985. "Wage Bargaining, Labor Turnover, and the Business Cycle: A Model with Asymmetric Information," Journal of Labor Economics, University of Chicago Press, vol. 3(4), pages 421-433, October.
    2. Busch, Lutz-Alexander & Horstmann, Ignatius J., 2002. "The game of negotiations: ordering issues and implementing agreements," Games and Economic Behavior, Elsevier, vol. 41(2), pages 169-191, November.
    3. Yang, David Da-hua, 2005. "Corruption by monopoly: Bribery in Chinese enterprise licensing as a repeated bargaining game," China Economic Review, Elsevier, vol. 16(2), pages 171-188.
    4. Daughety, Andrew F. & Reinganum, Jennifer F., 1994. "Settlement negotiations with two-sided asymmetric information: Model duality, information distribution, and efficiency," International Review of Law and Economics, Elsevier, vol. 14(3), pages 283-298, September.
    5. Xiaohua Zeng & Srabana Dasgupta & Charles Weinberg, 2012. "How Good Are You at Getting a Lower Price? A Field Study of the US Automobile Market," Journal of Consumer Policy, Springer, vol. 35(2), pages 255-274, June.
    6. Peter C. Cramton, 1992. "Strategic Delay in Bargaining with Two-Sided Uncertainty," Review of Economic Studies, Oxford University Press, vol. 59(1), pages 205-225.
    7. Ambrus, Attila & Chaney, Eric & Salitskiy, Igor, 2015. "Váltságdíjtárgyalások - tranzakciós költségek melletti alkudozás empirikus vizsgálata
      [Negotiating for ransom: an empirical investigation of bargaining with transaction costs]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 997-1029.
    8. Sandro Shelegia & Joshua Sherman, 2014. "When the Price You See Is Not the Price You Get: A Bargaining Study," Vienna Economics Papers 1410, University of Vienna, Department of Economics.
    9. repec:spr:grdene:v:6:y:1997:i:6:d:10.1023_a:1008684225781 is not listed on IDEAS
    10. Fiona Scott Morton & Jorge Silva-Risso & Florian Zettelmeyer, 2011. "What matters in a price negotiation: Evidence from the U.S. auto retailing industry," Quantitative Marketing and Economics (QME), Springer, vol. 9(4), pages 365-402, December.
    11. David Nickerson & Asha Sadanand & Venkatraman Sadanand, 1994. "Strategic delay and endogenous offers in bargaining games with private information," Journal of Economics, Springer, vol. 60(2), pages 125-154, June.

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