Sequential Bargaining with Correlated Values
分析了一个无限期序贯谈判博弈,其中买方估值依赖于卖方,卖方知情而买方不知,研究了相对贴现因子对结果的影响,发现买方过于急躁可能导致僵局。
The paper analyzes an infinite-horizon sequential bargaining game (with one-sided offers) between a buyer and a seller when the buyer's valuation depends on the seller's; the seller knows the value of the object and the buyer does not. The influence of relative discount factors on the solution is studied. It is shown, for example, that an impasse may result if the buyer (offeror) is too impatient relative to the seller: the buyer makes a single take-it-or-leave-it offer.