We extend Nash's bargaining theory to non-convex and coalitional problems. This paper investigates the implications of Nash-like axioms for bilateral problems and the properties of consistency and converse consistency over multilateral settings. The result is a characterization of the Nash set...

We study a strategic model of dynamic trading where agents are asymmetrically informed over common value sources of uncertainty. There is a continuum of buyers and a finite number n of sellers. All buyers are uninformed, while at least one seller is privately informed about the true state of the...