Showing 581 - 590 of 18,369
We consider the long-run outcomes of bargaining games when players obey prospect theory. We extend the evolutionary bargaining model of Young (1993) to a two-stage Nash demand game. Two players simultaneously choose whether to exercise an outside option in the first stage and play the Nash...
Persistent link: https://www.econbiz.de/10013250651
This study proposes a non-cooperative coalitional bargaining game model to analyse wage negotiations between one … provide a sufficient condition for an SSPE to exist, in which each worker selects separate negotiations with the employer …
Persistent link: https://www.econbiz.de/10012996131
We find that probabilistic deceit detection and cheap-talk threats enhance the fairness and honesty of a bargainer who possesses advantageous information and has the opportunity to be deceitful. In our ultimatum game, only proposers know the size of the pie. Proposers, therefore, have the option...
Persistent link: https://www.econbiz.de/10013003880
. We model such negotiations and provide conditions under which negotiation leads to efficient outcomes, even in the face …
Persistent link: https://www.econbiz.de/10013005057
I consider a bargaining game in which, unlike the standard economic bargaining game (e.g. Rubenstein, 1982), only one player can make proposals. I also assume that the space of proposals is finite. Thus, the game is akin to (i) a CEO's proposing a hire who must be okayed by a board of directors,...
Persistent link: https://www.econbiz.de/10012962763
A new feature pertaining to proposer's ability to implement offers is introduced in the extensive form bargaining mechanism studied in Chatterjee et. al. (1993). This mechanism is used to analyze two classes of coalitional games with transferable utility. One class is that of strictly...
Persistent link: https://www.econbiz.de/10012963352
Over the past twenty years we have seen the emergence of an important phenomenon in the practice of modern regulation — cooperative bargaining between the regulator and the regulated over a “bundle” of seemingly unrelated issues. Because of the multiplicity of issues being adjudicated...
Persistent link: https://www.econbiz.de/10012963565
cost of other contractual concessions or inefficiencies in takeover negotiations. Overall, M&A experience is valuable when …
Persistent link: https://www.econbiz.de/10012967497
The United Kingdom will leave the European Union. Brexit will involve many complex negotiations. This paper analyses … Dynamic'). So far, the parties appear to approach the immensely complex negotiations intuitively as a zero-sum or even … negotiations and help the parties agree on a value-preserving ‘withdrawal agreement' (‘Brexit Mediation') …
Persistent link: https://www.econbiz.de/10012967753
In the debate over contractual freedom or enabling-versus-mandatory rules in fiduciary law, those who do not adhere to an unbridled contractatian approach tend to justify fiduciary law's strict posture by appealing to transaction cost reasoning. In this view, fiduciary law more efficiently sets...
Persistent link: https://www.econbiz.de/10012968774