Ambrus, Attila; Chaney, Eric; Salitskiy, Igor - In: Quantitative economics : QE ; journal of the … 9 (2018) 1, pp. 217-246
We investigate the effect of delay on prices in bargaining situations using a data set containing thousands of captives ransomed from Barbary pirates between 1575 and 1692. Plausibly exogenous variation in the delay in ransoming provides ev- idence that negotiating delays decreased the size of...
