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This paper studies bargaining between a seller and a buyer with binary private valuation. Because the setting is more …
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Bilateral bargaining situations are often characterized by informational asymmetries concerning the size of what is at …
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I study a situation where two players disagree on the division of a good. In the first of two stages, the players can divide the good peacefully between them by signing a contract. If either or both players reject the contract, they must engage in a costly contest over the good. One of the...
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