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Automated Multilateral Negotiation on Multiple Issues with Private Information
Zheng, Ronghuo - 2019
In this paper, we propose and analyze a distributed negotiation strategy for a multi-agent multi-attribute negotiation … concede during the negotiation, we propose and analyze a reactive concession strategy. We demonstrate through computational … experiments that our distributed negotiation strategy yields performance sufficiently close to the Nash bargaining solution, and …
Persistent link: https://www.econbiz.de/10012903886
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Behavioral Modeling of Sequential Bargaining Games : Fairness and Limited Backward Induction
Qu, Xia - 2013
Experiments show that in sequential bargaining games (SBG), subjects usually deviate from game-theoretic predictions. Previous explanations have focused on considerations of fairness in the offers, and social utility functions have been formulated to model the data. However, a recent explanation...
Persistent link: https://www.econbiz.de/10013078226
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Cheap talk comparisons in multi-issue bargaining
Chakraborty, Archishman; Harbaugh, Richmond - 2002
are directly opposed on each issue. The resulting communication gains can exceed the gains from bundling previously …
Persistent link: https://www.econbiz.de/10010272000
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Rhetoric in legislative bargaining with asymmetric information
Chen, Ying; Eraslan, Hulya - In: Theoretical Economics 9 (2014) 2, pp. 483-513
We analyze a three-player legislative bargaining game over an ideological and a distributive decision. Legislators are privately informed about their ideological intensities, i.e., the weight placed on the ideological decision relative to the weight placed on the distributive decision....
Persistent link: https://www.econbiz.de/10011599520
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Rhetoric in legislative bargaining with asymmetric information
Chen, Ying; Eraslan, Hulya - In: Theoretical Economics 9 (2014) 2
We analyze a three-player legislative bargaining game over an ideological and a distributive decision. Legislators are privately informed about their ideological intensities, i.e., the weight placed on the ideological decision relative to the weight placed on the distributive decision....
Persistent link: https://www.econbiz.de/10010773108
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Credible Comparisons in Multi-Issue Bargaining
Chakraborty, Archishman; Harbaugh, Rick - Economics Department, Claremont McKenna College - 2002
from bundling are in addition to the gains from bundling previously identified in the monopoly pricing literature. Applied … to negotiations between an executive and a legislature, our results imply that bundling multiple issues in a single bill …
Persistent link: https://www.econbiz.de/10005150896
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Rhetoric in legislative bargaining with asymmetric information
Chen, Ying; Eraslan, Hülya - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 2, pp. 483-513
We analyze a three-player legislative bargaining game over an ideological and a distributive decision. Legislators are privately informed about their ideological intensities, i.e., the weight placed on the ideological decision relative to the weight placed on the distributive decision....
Persistent link: https://www.econbiz.de/10011674460
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Computer Simulates the Effect of Internal Restriction on Residuals in Linear Regression Model with First-order Autoregressive Procedures
Lee, Mei-Yu - Volkswirtschaftliche Fakultät, … - 2014
This paper demonstrates the impact of particular factors – such as a non-normal error distribution, constraints of the residuals, sample size, the multi-collinear values of independent variables and the autocorrelation coefficient – on the distributions of errors and residuals. This explains...
Persistent link: https://www.econbiz.de/10011109658
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Party Formation and Competition
Ladley, Daniel; Rockey, James - Department of Economics, Leicester University - 2010
In the majority of democratic political systems, districts elect representatives, who form coalitions, which determine policies. In this paper we present a model which captures this process: A citizen-candidate model with multiple policy dimensions in which elected representatives endogenously...
Persistent link: https://www.econbiz.de/10008503589
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Keynes' Chapter Twenty-Two: A System Dynamics Model
Harvey, John - Department of Economics, Texas Christian University - 2002
The purpose of this paper is to illustrate the usefulness of Keynes' approach by modeling it using system dynamics. As this technique allows the researcher to place the analysis in time it is especially well suited to the task. It also allows us to see exactly which elements seem to create the...
Persistent link: https://www.econbiz.de/10008675827