procedures used in practice, namely a quasilinear scoring auction and negotiation. Specifically, we characterize an upper bound … to what a quasilinear scoring auction and negotiation can achieve, and compare the performance of these procedures … numerically. Quasilinear scoring auctions are able to extract a good proportion of the surplus from being strategic. Negotiation …

This paper extends the bargaining and matching literature such as Rubinstein (1985) and Gale (1986 and 1987) by … have already sampled and rejected each other). Two procedures of trade coexist, namely strategic bilateral bargaining and a …

The game-theoretic bargaining literature insists on non-cooperative bargaining procedure but allows 'cooperative …' implementation of agreements. The effect of this is to allow free-reign of bargaining power with no check upon it. In reality, courts … bargaining model which incorporates the idea that agreements may be enforced non-cooperatively. We show that this has a …

We investigate the outcome of bargaining when a player’s pay-off from agreement is risky. We find that a risk … makes individuals behave 'more patiently' in bargaining. Strong analogies are drawn to the precautionary saving literature …