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• W107787219 abstract "Two ex ante identically informed agents play an alternating offer bargaining game with endogenous information acquisition and common values. This paper shows that perfect Bayesian equilibria may have the following properties. (i) No agreement exists in ultimatum bargaining although both agents maintain symmetric information in equilibrium and the gain from trade is common knowledge. (ii) The agent responding to a take-it-or-leave-it offer captures some or even the full trading surplus. (iii) In the two period case the equilibrium payoffs of the agents are non-monotonic in the discounting of the trading surplus. Further implications for the dynamics in alternating offer bargaining are derived." @default.
• W107787219 created "2016-06-24" @default.
• W107787219 creator A5088010374 @default.
• W107787219 date "2006-01-01" @default.
• W107787219 modified "2023-09-27" @default.
• W107787219 title "Alternating Offer Bargaining with Endogenous Information" @default.
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• W107787219 hasPublicationYear "2006" @default.
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