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People's desire for fair transactions can play an important role in negotiations, organizations, and markets. In this paper, we show that markets can also shape what people consider to be a fair transaction. We propose a simple and generally-applicable model of path-dependent fairness...
Persistent link: https://www.econbiz.de/10009774351
of federal funds across regions of the country is the outcome of bargaining game in which the President acts as the …
Persistent link: https://www.econbiz.de/10009580450
One feature of legislative bargaining in naturally occurring settings is that the distribution of seats or voting … weights often does not accurately reflect bargaining power. Game-theoretic predictions about payoffs and coalition formation …
Persistent link: https://www.econbiz.de/10012822445
agreements. Informational differences provide an appealing explanation for bargaining inefficiencies. This chapter provides an … overview of the theoretical and empirical literature on bargaining with incomplete information.The chapter begins with an … analysis of bargaining within a mechanism design framework. A modern development is provided of the classic result that, given …
Persistent link: https://www.econbiz.de/10014024495
approaches to coalition formation, one based on cooperative game theory, the other based on noncooperative bargaining. Three …
Persistent link: https://www.econbiz.de/10014025454
This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also covers models of group and network formation by farsighted...
Persistent link: https://www.econbiz.de/10014025687
of bargaining, where offers are made, with claim stages, where one side can commit to impose surrender on the other … both wrong. Bargaining proposals that are rejected initially might eventually be accepted after several periods of … strengths of contenders at attack and defense. Changes in these parameters display non-monotonic effects. -- bargaining …
Persistent link: https://www.econbiz.de/10009506420
effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to … strategically equivalent bargaining situations in which no ex ante contract was written. The ex ante contract causes sellers to ask … for markups that are 45 percent lower than in strategically equivalent bargaining situations without an initial contract …
Persistent link: https://www.econbiz.de/10009743168
Despite extensive use of bargaining models in economics and despite Becker's insistence on the importance of altruism … in families, the theoretical literature on bargaining ignores altruism and assumes that everyone is an egoist. This paper … shows that incorporating altruism into cooperative bargaining models shrinks the set potential cooperative bargaining …
Persistent link: https://www.econbiz.de/10013388855
Persistent link: https://www.econbiz.de/10012137237