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Die Bedeutung von privater Information für Vertragsbeziehungen zwischen Käufern und Verkäufern

Schmitz, Patrick W. and Sliwka, Dirk (1998): Die Bedeutung von privater Information für Vertragsbeziehungen zwischen Käufern und Verkäufern. Published in: Homo Oeconomicus , Vol. XV, No. 2 (1998): pp. 233-243.

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Abstract

In this paper we discuss the role of private information in buyer - seller relationships. We distinguish between pre- and postcontractual asymmetric information. In each case, we discuss the role of the bargaining protocol and we explore whether it is possible to achieve the first-best outcome.

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