Bargaining Foundations for the Outside Option Principle.
We study a bargaining game in which a seller can trade with one of two buyers, who have values h and l ( h > l ). The outside option principle (OOP) predicts that, as players become patient, the seller trades with the high-value buyer with probability converging to 1 at a price converging to max (...
| Publicado en: | Review of Economic Studies Vol. 93; no. 2; pp. 725 - 763 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Mar2026
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |