to further repercussions from agents. In that spirit, they introduced the bargaining set which later was adapted to the … Ellickson et al. (1999) in this regard and refer to the bargaining sets introduced in line with Mas-Colell and Vind as the local … and global bargaining sets in our framework. We provide characterizations of the global bargaining set in terms of the …

litigation net of transaction cost. This calculus yields the normative proposition that settlement is a superior form of dispute …, settlement and litigation are different pricing mechanisms in the absence of market pricing, and are imperfect substitutes … operating under uncertainty. Accordingly, this article rejects the normative axiom that litigation is inferior to settlement, a …

evaluations of such decision outcomes. In the first essay, we examine the influence of time taken by a bargaining opponent to … respond to an offer on bargainers' perceptions of their own bargaining outcomes. Extending previous research in several … perceptions of bargaining outcomes only when it is related to the bargaining. Third, unlike previous work that examined the effect …