I show that bargaining impasse in Hörner and Vieille (2009) can be interpreted as the limit of bargaining delay: the maximal duration of the game increases unboundedly as the seller's discount factor approaches the threshold level above which bargaining impasse occurs.
- Bargaining with interdependent values
- Public offers
- The market for lemons
ASJC Scopus subject areas
- Economics and Econometrics