On Delay in Bargaining with One-Sided Uncertainty
指出,在双方轮流报价且一方估值不确定的讨价还价模型中,现有文献假设仅当报价间隔足够长时才能产生延迟,从而揭示了该研究路径的一个根本困难。
Recently, attention has been given to a model of two-person bargaining in which the parties alternate making offers and there is uncertainty about the valuation of one party. The purpose of the analysis has been to identify delay to agreement with a screening process, where agents with relatively lower valuations distinguish themselves by waiting longer to settle. We point out a fundamental difficulty with this program by demonstrating that the assumptions used in the literature allow for delay only in so far as the time between offers is significant.