UCL logo

UCL Discovery

UCL home » Library Services » Electronic resources » UCL Discovery

Negative externalities may cause delay in negotiation

Jehiel, P.; Moldovanu, B.; (1995) Negative externalities may cause delay in negotiation. Econometrica , 63 (6) pp. 1321-1335.

Full text not available from this repository.


We study the strategic equilibria of a negotiation game where potential buyers are affected by identity-dependent, negative externalities. The unique equilibrium of long, finitely repeated generic games can either display delay--where a transaction can take place only in several stages before the deadline--or, in spite of the random element in the game, a well-defined buyer exists that obtains the object with probability close to one.

Type: Article
Title: Negative externalities may cause delay in negotiation
Publisher version: http://www3.interscience.wiley.com/journal/1184825...
Language: English
Additional information: This issue is available via subscription to JSTOR: http://www.jstor.org/stable/2171772
UCL classification: UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics
URI: http://discovery.ucl.ac.uk/id/eprint/16623
Downloads since deposit
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item