Noise Bargaining: A New Perspective on Single Proposers, Negotiation and Delays
Grey Gordon
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Grey Gordon: https://www.richmondfed.org/research/people/gordon
Richmond Fed Economic Brief, 2025, vol. 25, issue 42
Abstract:
Many real-world bargaining problems feature a single proposer and delays in reaching agreements. Most existing bargaining models feature alternating proposers with immediate settlement. Noise bargaining — a new approach discussed in my recent working paper, co-authored with Pablo Guerron-Quintana — introduces a single proposer with endogenous delay.
Keywords: production and investment; fiscal policy (search for similar items in EconPapers)
Date: 2025
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