Three Essays on Auction, Bargaining and Contract Theory

@inproceedings{2006ThreeEO,
  title={Three Essays on Auction, Bargaining and Contract Theory},
  author={},
  year={2006}
}
  • Published 2006
Many real-life contract agreements actually involve negotiations in which both parties have some bargaining power. However, standard contract theory assumes that the principal holds all of the bargaining power. The literature has typically modeled that with a one-shot game in which the principal makes a take-it-or-leave-it offer to the agent. Then, the… CONTINUE READING