Article
Article name Equilibrium in Bargaining Models with the Fixed Prices
Authors Mazalov V.V.Doctor of Physics and Mathematics, Professor vmazalov@krc.karelia.ru
Tokareva J.S.Candidate of Physics and Mathematics jtokareva2@mail.ru
Bibliographic description
Section
DOI
UDK УДК 519.8
Article type
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.
Key words negotiations, transaction, equilibrium, reservation prices.
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Full articleEquilibrium in Bargaining Models with the Fixed Prices