A simple status quo that ensures participation (with application to efficient bargaining)

DOI10.3982/TE591zbMath1231.91130OpenAlexW2325203275WikidataQ56803976 ScholiaQ56803976MaRDI QIDQ3081388

Michael D. Whinston, I. R. Segal'

Publication date: 8 March 2011

Published in: Theoretical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/te591

zbMATH Keywords

transaction costsasymmetric information bargainingefficient property rights

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (6)

Analysis of a Dynamic Adverse Selection Model with Asymptotic Efficiency ⋮ Dissolving multi-partnerships efficiently ⋮ Dissolving (in)effective partnerships ⋮ On incentive compatible, individually rational public good provision mechanisms ⋮ Bilateral trading with contingent contracts ⋮ An equilibrium analysis of Knaster's fair division procedure

This page was built for publication: A simple status quo that ensures participation (with application to efficient bargaining)