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Bargaining over perfect complements owned separately: With experimental test

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  • Yu, Ning
  • Chmura, Thorsten
  • Pitz, Thomas
  • Sun, Ning

Abstract

This paper considers the situation in which two perfect complements belong to different owners. We calculate the Bayesian-Nash equilibrium in the mechanism of k + 1 - price bargaining with private value, and did experiment to test the theory.

Suggested Citation

  • Yu, Ning & Chmura, Thorsten & Pitz, Thomas & Sun, Ning, 2010. "Bargaining over perfect complements owned separately: With experimental test," Economics Letters, Elsevier, vol. 107(2), pages 115-118, May.
    • Handle: RePEc:eee:ecolet:v:107:y:2010:i:2:p:115-118
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    References listed on IDEAS

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    4. Lizzeri, Alessandro & Persico, Nicola, 2000. "Uniqueness and Existence of Equilibrium in Auctions with a Reserve Price," Games and Economic Behavior, Elsevier, vol. 30(1), pages 83-114, January.
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    Cited by:

    1. Qin, Xiangdong & Zhang, Fangzhou, 2013. "Using clock auctions to dissolve partnership: An experimental study," Economics Letters, Elsevier, vol. 119(1), pages 55-59.

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