Tsoy, Anton - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 2, pp. 869-931
In this study, I examine the alternating‐offer bilateral bargaining model with private correlated values. The … limits and show that it is efficient, but the surplus split generally differs from the Nash bargaining split. I then … construct a double limit that approximates the Nash bargaining split in the ex post surplus, but with a delay. Further, I prove …