Article |
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Article name |
Equilibrium in Bargaining Models with the Fixed Prices |
Authors |
Mazalov V.V.Doctor of Physics and Mathematics, Professor vmazalov@krc.karelia.ruTokareva J.S.Candidate of Physics and Mathematics jtokareva2@mail.ru |
Bibliographic description |
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Section |
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DOI |
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UDK |
УДК 519.8 |
Article type |
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Annotation |
Two-person game with the incomplete information is consi-dered in the article. The seller
and the buyer declare the prices for the goods. Assuming that the reservation prices of sellers
and buyers are random variables with the known distribution functions in the market, we
derive the conditions in which the transaction takes place.
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Key words |
negotiations, transaction, equilibrium, reservation prices. |
Article information |
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References |
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Full article | Equilibrium in Bargaining Models with the Fixed Prices |