@booklet {tamarkugler-mvnaei2003,
	title = {Markets Versus Negotiations: An Experimental Investigation},
	howpublished = {Discussion Papers},
	year = {2003},
	month = {6},
	publisher = {Economic Behavior 56 (2006), 121-134},
	abstract = {We consider the consequences of competition between two types of experimental exchange mechanisms, a decentralized bargaining  market, and a centralized  market. The experiment demonstrates that decentralized bargaining is subject to a process of unraveling in which relatively weak traders (buyers with high willingness to pay and sellers with low costs) continuously find trading in the centralized market more attractive until almost no opportunities for mutually beneficial trade remain outside the centralized marketplace.},
	url = {/files/db319.pdf},
	author = {Tamar Kugler, Zvika Neeman, Nir Vulkan}
}
