Gabszewicz, Jean J.; Ypersele, Tanguy van; Zanaj, … - Centre de Recherche en Économie Appliquée (CREA), … - 2011
This paper investigates the optimal price sequence of a two period tentative to sell an indivisible good, with take-it-or-leave-it offers, in which the seller faces ambiguity about the buyers' willingness to pay. If the first round fails, the seller updates its beliefs on the state of the market...