Kessler, Anke; Lülfesmann, Christoph - In: Economic Theory 23 (2004) 2, pp. 395-410
The paper investigates an alternating-offers bargaining game between a buyer and a seller who face several trading opportunities. These items (goods or services) differ in their non-verifiable quality characteristics which gives rise to a moral hazard problem on the seller's part. For the...