Ex Post (In) Efficient Negotiation and Breakdown of Trade
نویسندگان
چکیده
منابع مشابه
Ex Post (In) Efficient Negotiation and Breakdown of Trade
Using a novel audit methodology, we show that reputation concerns and norms against price gouging can lead to breakdown in ex post efficient trade. Sellers in a market in India do not use their increased bargaining power to charge higher prices when customers have a shock, but, rather, forgo the order. However, when customers offer a higher price, sellers are significantly more likely to accept...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2015
ISSN: 0002-8282
DOI: 10.1257/aer.p20151077