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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
A two-person infinite-horizon bargaining model where one of the players may have either of two discount factors, has a multiplicity of perfect Bayesian equilibria. Introducing the slightest possibility that either player may be one of a rich variety of stationary behavioral types singles out a...
Persistent link: https://www.econbiz.de/10013099386
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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the complexities of the real-world example of the Brexit negotiations …
Persistent link: https://www.econbiz.de/10014108990
Persistent link: https://www.econbiz.de/10015076018
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
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Negotiations frequently end in conflict after one party rejects a final offer. In a large-scale internet experiment, we …
Persistent link: https://www.econbiz.de/10003747328
Delegating bargaining to an intermediary agent is common practice in many situations. The proposer, while not actively bargaining, sets constraints on the intermediary agent's offer. We study ultimatum games where proposers delegate bargaining to an intermediary agent by setting boundaries on...
Persistent link: https://www.econbiz.de/10013252752