Briefing

Noise Bargaining: A New Perspective on Single Proposers, Negotiation and Delays


Abstract: Many real-world bargaining problems feature a single proposer and delays in reaching agreements. Most existing bargaining models feature alternating proposers with immediate settlement. Noise bargaining — a new approach discussed in my recent working paper, co-authored with Pablo Guerron-Quintana — introduces a single proposer with endogenous delay.

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Description: Briefing

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Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Richmond Fed Economic Brief

Publication Date: 2025-11-12

Volume: 25

Issue: 42