Berentsen, Aleksander; McBride, Michael; Rocheteau, … - 2013
setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995 … its lack of "recognizability." We study a benchmark experiment where the OTC bargaining game takes place under complete … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set …