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The seller posted-price procedure is probably the most common method for making transactions in modern economies. We analyze the performance of posted pricing for transactions having significant common-value elements. In a model of two-sided private information, we characterize the fully...
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lack structural information, which contrasts with common notions of fairness or "manners" in ultimatum bargaining (Camerer …
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competition. We develop a bargaining-based solution to the negotiations between two adjacent multi-firm tiers and show its … consistency with familiar solution concepts from the theories of bargaining and cooperative games. We then link up multiple … bargaining modules to generate chain-wide predictions for efficiency and profitability in supply chains with an arbitrary number …
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