Impact of Incomplete Information on Bargaining Efficiency in a Bilateral Oligopoly Market : Evidence from the Containership Time Charter Market
Jaeung Cha
A well-established body of bargaining studies theoretically demonstrates that inherent limitations in observing the counterplayer’s private information shape a mutual incomplete information setting in bargaining, leading to efficiency losses associated with mispricing, costly delays, and even bargaining failures. As th...
- World Maritime University
- DOI: 10.21677/260713