Gerardi, Dino; Horner, Johannes; Maestri, Lucas - Cowles Foundation for Research in Economics, Yale University - 2010
This paper solves for the set of equilibrium payoffs in bargaining with interdependent values when the informed party makes all offers, as discounting vanishes. The seller of a good is informed of its quality, which affects both his cost and the buyer's valuation, but the buyer is not. To...