Zwick, Rami; Lee, Ching Chyi - EconWPA - 1999
, 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 …