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We formulate a pretrial negotiation problem as an infinite horizon bargaining model with one-sided uncertainty and alternating offers, with the informed party having an outside option. The plaintiff has private information and also has an outside option of quot;going to court.quot; The defendant...
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The authors investigate an infinite horizon bargaining problem in which a firm and a worker bargain over two dimensions: quality and wage. The worker has private information about his type. Only the uninformed firm makes an offer and it can offer a menu of quality-age contracts instead of a...
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In this paper, we study the incumbent's incentive to share its essential facility when there exist network effects. We show that without network effects, the incumbent will charge an access fee high enough to deter the entry. with network effects, however, the incumbent always has an incentive...
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