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There has been a long debate on equilibrium characterization in the negotiation model when players have different time … bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …
Persistent link: https://www.econbiz.de/10014027199
We propose a bargaining process supergame over the strategies to play in a non-cooperative game. The agreement reached … by players at the end of the bargaining process is the strategy profile that they will play in the original non … existence, uniqueness, and efficiency of the agreement reachable through this bargaining process. We illustrate the consequences …
Persistent link: https://www.econbiz.de/10011316539
This paper presents an analysis of general time preferences in the canonical Rubinstein (1982) model of bargaining …
Persistent link: https://www.econbiz.de/10011705183
We provide causal evidence that patience is a significant source of bargaining power. Generalizing the Rubinstein (1982 …) bargaining model to arbitrarily non-stationary discounting, we first show that dynamic consistency across bargaining rounds is … bargaining delay is negligible (frequent offers, so dynamic consistency holds by design), while payoff delay is significant (a …
Persistent link: https://www.econbiz.de/10014279476
I study a situation where two players disagree on the division of a good. In the first of two stages, the players can divide the good peacefully between them by signing a contract. If either or both players reject the contract, they must engage in a costly contest over the good. One of the...
Persistent link: https://www.econbiz.de/10010337007
I study the evolutionary stability of 'mildly responsive' behavioural rules in a bargaining game. Individuals in a …
Persistent link: https://www.econbiz.de/10012911403
I study the process of bargaining over a pie of fixed size under the Nash demand game protocol. Motivated by the … argument that the manner in which bargaining unfolds often depends on antecedents, I embed the bargaining process in a … behavioural trait (i.e. manner of responding to past information) that outperforms any other behavioural trait in the bargaining …
Persistent link: https://www.econbiz.de/10012918392
offers, or both, prior to bargaining negotiations. We show that the timing of commitment attempts influences the goal of the …
Persistent link: https://www.econbiz.de/10012898894
We study the alternating-offers bargaining problem of assigning an indivisible and commonly valued object to one of two … veto power over any settlement. There is no depreciation during the bargaining process which involves signalling of private …
Persistent link: https://www.econbiz.de/10010373492
We study the alternating-offer bargaining problem of sharing a common value pie under incomplete information on both …
Persistent link: https://www.econbiz.de/10010373493