Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10010196968
-hyperbolic time preferences increasingly common in the economics literature - equilibrium is unique and lacks delay. However, when one … bargainer is more patient about a single period's delay from the present than one that occurs in the near future, the game … permits a novel form of equilibrium multiplicity and delay. Time preferences with this property have most recently been …
Persistent link: https://www.econbiz.de/10010399277
Persistent link: https://www.econbiz.de/10009730426
Numerous studies have investigated how people resolve intertemporal trade-offs in individual decision making, but little is known about how the timing of costs and benefits affects behavior in strategic decision situations. Here, we experimentally study how delayed costs and/or benefits affect...
Persistent link: https://www.econbiz.de/10011906687
This paper presents an analysis of general time preferences in the canonical Rubinstein (1982) model of bargaining, allowing for arbitrarily history-dependent strategies. I derive a simple sufficient structure for optimal punishments and thereby fully characterize (i) the set of equilibrium...
Persistent link: https://www.econbiz.de/10011705183
On the basis of literature on delay discounting, potential mechanisms of relations between self-control and altruism …
Persistent link: https://www.econbiz.de/10011801766
Persistent link: https://www.econbiz.de/10015123314
The paper studies bargaining games involving players with present-biased preferences. The paper shows that the relative timing of bargaining rewards and bargaining costs will determine whether the players' present-bias will affect bargaining outcomes. In cases where players agree to a bargain in...
Persistent link: https://www.econbiz.de/10014422534