Pirates of the Mediterranean: An empirical investigation of bargaining with asymmetric information
We investigate the effect of delay on prices in bargaining situations using a data set containing thousands of captives ransomed from Barbary pirates between 1575 and 1692. Plausibly exogenous variation in the delay in ransoming provides evidence that negotiating delays decreased the size of ransom...
| Main Authors: | , , |
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| Format: | Journal article |
| Published: |
John Wiley and Sons, Ltd.
2017
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