Deneckere, Raymond; Liang, Meng-Yu - In: Econometrica 74 (2006) 5, pp. 1309-1364
A seller and a buyer bargain over the terms of trade for an object. The seller receives a perfect signal that determines the value of the object to both players, whereas the buyer remains uninformed. We analyze the infinite-horizon bargaining game in which the buyer makes all the offers. When...