smart contracts among bidders, a hallmark of automated blockchain environments, renders current cryptographic solutions … infeasible and essentially precludes static auctions. Moreover, their transparent nature makes smart contracts susceptible to …

The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … experiment participants, and that allowing face-to-face pre-play communication increases efficiency although still not to the … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing …

/2; if neither offer falls into the interval, there is no settlement. Comparisons are made with other bargaining mechanisms …