Bargaining with evolving private information
研究新私人信息到达如何影响讨价还价结果。卖家向买家报价，买家私下知道自己的估值，卖家私下观察自己随机变化的交货成本。价格在谈判初期逐渐下降，交易被低效延迟。
I study how the arrival of new private information affects bargaining outcomes. A seller makes offers to a buyer. The buyer is privately informed about her valuation and the seller privately observes her stochastically changing cost of delivering the good. Prices fall gradually at the early stages of negotiations, and trade is inefficiently delayed. The first‐best is implementable via a mechanism, whereas all equilibrium outcomes of the bargaining game are inefficient.