Pricing Mechanism Based on Bargaining

Xiaokai Yang and Wai-Man Liu
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Wai-Man Liu: University of New South Wales, Australia

Chapter 7 in Inframarginal Economics, 2008, pp 171-204 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Bargaining Game, Strategic Behavior, Opportunistic BehaviorNash Bargaining GameEndogenous Transaction Costs caused by Information AsymmetryAlternating Offer Bargaining GamesDynamic Bargaining Game and the Division of LaborHow Does Competition for a Greater Share of Gains from the Division of Labor Generate Endogenous Transaction Costs?How Can Endogenous Transaction Costs be Eliminated by Consideration of Reputation?Information Asymmetry, Dynamic Bargaining, and the Division of LaborNon-credible Commitment and Soft Budget ConstraintFurther ReadingQuestionsExercises

Keywords: Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2008
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