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Previous research shows that collective action to avoid a catastrophic threshold, such as a climate "tipping point", is unaffected by uncertainty about the impact of crossing the threshold but that collective action collapses if the location of the threshold is uncertain. Theory suggests that...
Persistent link: https://www.econbiz.de/10010249688
the complexities of the real-world example of the Brexit negotiations …
Persistent link: https://www.econbiz.de/10014108990
This paper studies the comparative statics regarding changes in risk on Nash's solution to bargaining games with … stochastic outcome and disagreement points. When absolute risk tolerance is linear with constant slope, the Nash's solution to … two risk-averse agents. We show that whether a deterioration of a bargainer's risky prospect is advantageous to his …
Persistent link: https://www.econbiz.de/10013082947
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In this paper we analyze how ratification uncertainty impacts the optimal terms of international environmental agreements (IEAs). We relax the frequent assumption of countries as unitary actors by modeling the ratification stage through uncertain preferences of a ratifying agent (e.g. the...
Persistent link: https://www.econbiz.de/10010339399
I show that in noncooperative bargaining between two players with risk aversion, the more risk averse player always … order of bargaining. I contrast my result with that of Roth (1985) that a risk averse player is disadvantaged when facing a … risk-neutral opponent. A recent result from Rausser and Simon (2016) disputing the adverse connection between Nash …
Persistent link: https://www.econbiz.de/10012848901
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We conduct an experiment in which subjects play an ultimatum game but, rather than bargaining over money, they bargain over lottery tickets for a prize. Compared to the standard ultimatum game, proposers offer a significantly lower percentage of lottery tickets, which is inconsistent with either...
Persistent link: https://www.econbiz.de/10012828297
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In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the suppliers to reveal information that will help the buyer to...
Persistent link: https://www.econbiz.de/10012167341