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α: calibrated so average coauthorship-adjusted count equals average raw count
We analyze two simple models of bargaining games with two-sided incomplete information where players have imperfect information about their own valuation. We suggest a model for learning by players about their own valuations during the bargaining process. Specifically, when the minimum price the buyer has to pay (or the maximum price a seller can obtain) is clear to her, it triggers a costless learning of whether her valuation is above that price. Under such learning, we show that there is an ex post efficient equilibrium in both models. Thus, a very simple model of learning about one’s own type can circumvent the Myerson–Satterthwaite theorem.