Ausubel, Lawrence M.; Cramton, Peter; Deneckere, Raymond J. - In: Handbook of game theory with economic applications : …, (pp. 1897-1945). 2002
A central question in economics is understanding the difficulties that parties have in reaching mutually beneficial agreements. Informational differences provide an appealing explanation for bargaining inefficiencies. This chapter provides an overview of the theoretical and empirical literature...
