How to solve the basic bargaining problem
When selling, buying or exchanging goods and services, as is the case with every type of business transaction, there’s usually a certain level of bargaining involved. The price, for instance, is debated between the buyer and seller. However, our knowledge about bargaining with two-sided asymmetric information remains limited. The ERC-funded InfoTrans project will develop a new way to analyse markets with asymmetric information. Specifically, it will analyse dynamic pricing by privately informed sellers in markets with independent values. Focusing on various markets (real estate, durable goods, intermediate goods and financial markets), InfoTrans will also consider interdependent values and multilateral settings with multiple sellers.
Funding SchemeERC-STG - Starting Grant
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