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来源类型Working Paper
规范类型报告
DOI10.3386/w29202
来源IDWorking Paper 29202
How Well Does Bargaining Work in Consumer Markets? A Robust Bounds Approach
Joachim Freyberger; Bradley Larsen
发表日期2021-08-30
出版年2021
语种英语
摘要This study provides a structural analysis of detailed, alternating-offer bargaining data from eBay, deriving bounds on buyers and sellers private value distributions using a range of assumptions on behavior. These assumptions range from very weak (assuming only that acceptance and rejection decisions are rational) to less weak (e.g., assuming that bargaining offers are weakly increasing in players' private values). We estimate the bounds and show what they imply for consumer negotiation behavior in theory and practice. For the median product, bargaining ends in impasses in 43% of negotiations even when the buyer values the good more than the seller.
主题Econometrics ; Estimation Methods ; Microeconomics ; Game Theory ; Market Structure and Distribution ; Economics of Information ; Industrial Organization ; Industry Studies
URLhttps://www.nber.org/papers/w29202
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586875
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GB/T 7714
Joachim Freyberger,Bradley Larsen. How Well Does Bargaining Work in Consumer Markets? A Robust Bounds Approach. 2021.
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