Sequential bargaining with pure common values and incomplete information on both sides
We study the alternating-offer bargaining problem of sharing a common value pie under incomplete information on both sides and no depreciation between two identical players. We characterise the essentially unique perfect Bayesian equilibrium of this game which turns out to be in gradually increasing offers.
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- Lawrence M. Ausubel & Peter Cramton & Raymond J. Deneckere, 2002.
"Bargaining with Incomplete Information,"
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02barg, University of Maryland, Department of Economics - Peter Cramton, revised 12 Mar 2001.
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