Q2. What are the future works in this paper?
Studying such extensions is an interesting avenue for future research.
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...This condition is equivalent to λ ≥ λ∗, where λ∗ is given by 9 Recently, Shimer and Werning (2019) relax this commitment assumption....
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...6 For the mechanism that I use in the bilateral trading, I follow the literature on bargaining under asymmetric information using the mechanism design approach: Myerson (1979), Myerson and Satterthwaite (1983), Samuelson (1984), and recently Shimer and Werning (2019)....
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...Formally, we look at the set of veto-incentive-compatible mechanisms (Forges, 1999)....
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Studying such extensions is an interesting avenue for future research.