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Several bargaining solutions could fail to capture advantage from having sets closer to the same utopia point. If the … same point. We called this phenomena the stagnation effect. In order to reflect the idea that if the bargaining set is …
Persistent link: https://www.econbiz.de/10010772986
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …
Persistent link: https://www.econbiz.de/10005408220
Although many real bargaining situations involve more than one person on each side of the bargaining table, much of the … theoretical and experimental research concentrates on two single players. We study a simple extension: bilateral bargaining of …
Persistent link: https://www.econbiz.de/10011116853
experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is … independent of the balance of power. If bargaining involves endogenous demand choices, however, the likelihood of conflict is … higher if power is more imbalanced. Even though endogenous bargaining outcomes reflect the players unequal fighting strengths …
Persistent link: https://www.econbiz.de/10011202941
We consider Coasian bargaining problems where the buyer has an outside option arriving at a stochastic time. We study … available, and the standard Coasian bargaining literature, where the buyer has no outside option. …
Persistent link: https://www.econbiz.de/10010822897
This paper analyzes dynamically inconsistent time preferences in Rubinstein's (1982) seminal model of bargaining. When … exogenous breakdown risk, as well as in settings of intergenerational bargaining with imperfect altruism. The paper's main …
Persistent link: https://www.econbiz.de/10010955336
A unique bargaining solution satisfies restricted monotonicity, independence of irrelevant alternatives, independence … of equivalent utility representations, and symmetry—the disagreement solution. It is also the unique bargaining solution …
Persistent link: https://www.econbiz.de/10011041693
We propose a new bargaining solution, based on the idea - borrowed from Hobbes - that the agreement reached in a …
Persistent link: https://www.econbiz.de/10005750726
presented using a symmetric bargaining norm. Necessary conditions for settlement to arise are the destructibility of war, and …
Persistent link: https://www.econbiz.de/10005836940
. The bargaining behavior resembles the Ultimatum game to the extent that proposers request a fixed price for a shared ride … positions of the bargaining parties are hardly symmetric and the formation of the full group is not guaranteed. Using a simple …
Persistent link: https://www.econbiz.de/10008511729