Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072103 | Games and Economic Behavior | 2012 | 17 Pages |
Abstract
⺠We investigate whether a buyer wants to hold public or private negotiations with two sellers. ⺠We show that the buyer (weakly) prefers private negotiations. ⺠Private negotiations may result in an inefficient trade while public negotiations always result in efficiency. ⺠We show that the sellersʼ price deadlines are crucial for the buyerʼs (strict) preference for privacy.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Silvana Krasteva, Huseyin Yildirim,