Showing 1 - 10 of 61
Recently, both theoretical and experimental literatures have incorporated the ability of strategic players to communicate verbally prior to choosing their actions. We design an experiment to show how and why presence and type of communication matters. We use a multilateral bargaining setting,...
Persistent link: https://www.econbiz.de/10013073425
The purpose of this paper identifies learning in games in the experimental economic settings, and applies their results on real multilateral trade negotiations. This paper argues that structure of games including a veto player (Veto games) are similar to real multilateral trade negotiations in...
Persistent link: https://www.econbiz.de/10013048163
The purpose of this paper is to identify learning in games in experimental economic settings, and apply their results to real multilateral trade negotiations, such as the Doha Development Agenda (DDA) in the World Trade Organizations (WTO). This paper argues that the structure of games including...
Persistent link: https://www.econbiz.de/10011572871
We theoretically investigate how the application of unanimity rule can lead to inefficient delay in collective decision making. We do so in the context of a distributive multilateral bargaining model featuring strategic pre-commitment. Prior to each bargaining round, players can declare a...
Persistent link: https://www.econbiz.de/10014578010
The purpose of this paper is to identify learning in games in experimental economic settings, and apply their results to real multilateral trade negotiations, such as the Doha Development Agenda (DDA) in the World Trade Organizations (WTO). This paper argues that the structure of games including...
Persistent link: https://www.econbiz.de/10013003266
This article surveys the theoretical literature on legislative bargaining with endogenous status-quo. These are the legislative bargaining situations in which in each period a new policy is decided and the policy implemented in the event of no agreement is endogenously determined by the outcome...
Persistent link: https://www.econbiz.de/10012240997
We extend the Baron and Ferejohn (1989) model of multilateral bargaining by allowing the players to attempt commiting to a bargaining position prior to negotiating. If successful, commitment binds a player to reject any proposal which allocates to her a share below a self-imposed threshold. Any...
Persistent link: https://www.econbiz.de/10012176463
The lack of progress in global climate negotiations has caused scholars to refocus on prospects for lower-level agreements that might substitute for, supplement, or motivate a global mitigation agreement. This paper contributes to the emerging literature on polycentric approaches to climate...
Persistent link: https://www.econbiz.de/10014150702
One of the most robust phenomena in the experimental literature on multilateral bargaining is the failure of proposers to extract equilibrium rents. However, all previous experiments have overlooked the fact that outside the lab committee members are allowed to - and do - engage in sometimes...
Persistent link: https://www.econbiz.de/10014152141
We study bargaining at the end of high-stakes poker tournaments, in which participants often negotiate a division of the prize money rather than bear the risk of playing the game until the end. This setting is ideal for studying bargaining: the stakes are substantial, there are no restrictions...
Persistent link: https://www.econbiz.de/10005136675