VSS, the search is sequential and in each period the sample size is variable. As normal, we will extract sellers prices …

, the buyer can choose to leave the negotiation table to search for other alternatives. Under one version, if the buyer … chooses to search for a better price, the opportunity to purchase the good at the stated price is gone. Under the second … version, the seller guarantees the same price if the buyer chooses to return immediately after a search (presumably because a …

of costly search to discover prices. We ask whether such equilibria can be learnt when sellers adjust prices adaptively …

In a laboratory experiment, subjects played ten two-person 3x3 constant sum games and stated beliefs about the …

We perform a further experiment to check the robustness of the main result in Rey Biel (2005) to sequential play. We …