We study a two-issue bargaining situation in which the surplus of one issue is public information, while that of the other issue is private information to one of the parties. Bargaining is by alternating offers under common time-discounting. The bargaining agenda is determined endogenously since...

This paper derives firm boundaries as the outcome of an equilibrium coordination mechanism. The analysis is premised on the notion that efficient production and distribution are achieved through a mechanism that coordinates three basic activities: i) input acquisition, ii) production, iii)...