Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Jul, 1984, Volume 52, Issue 4

Bargaining under Asymmetric Information<995:BUAI>2.0.CO;2-0
p. 995-1006

William Samuelson

This paper investigates two-person bargaining under incomplete information where one player has strictly better information about the potential value of the transaction than the other. The implications of informational barriers to trade are explored, and optimal bargaining mechanisms are characterized.

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