We study the alternating-offers bargaining problem of assigning an indivisible and commonly valued object to one of two … veto power over any settlement. There is no depreciation during the bargaining process which involves signalling of private …

We study the alternating-offer bargaining problem of sharing a common value pie under incomplete information on both …

modelling the automated negotiation process as a two-person bargaining game under incomplete information. A first result states …

's favour during the day. These presumptions are then shown to be confirmed by our data set. -- Bargaining ; Markets … distribution of the buyer's reservation price. We show that periods with no buyer refusals, of offers or bargaining with no …

Market completeness has important implications for household behavior. I firmly reject complete markets for …

Transaction costs are omnipresent in markets yet are often omitted in economic models. We show that their presence can … fundamentally alter incentives and welfare in markets in which the price equates supply and demand. We categorize transaction costs … properties of markets without transaction costs, namely strategyproofness, efficiency, and robustness to misspecified beliefs and …