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Bidders have to decide whether and when to incur the cost of estimating their own values in auctions. This can explain why people seem to get carried away, bidding higher than they had planned before the auction and then finding they had paid more than the object was worth to them. Even when...
Persistent link: https://www.econbiz.de/10005125034
In a discrete setting, we develop a model for pricing a contingent claim. Since the presence of hedging opportunities influences the price of a contingent claim, first we introduce the optimal hedging strategy assuming a contingent claim has been issued: a strategy implemented by investing the...
Persistent link: https://www.econbiz.de/10005413221
This study seeks to review some of the key issues surrounding ongoing WTO negotiations on trade liberalisation of …
Persistent link: https://www.econbiz.de/10005556476
Role -playing and unaided opinions were used to forecast the outcome of three negotiations. Consistent with prior re … search, role-playing yielded more accurate predictions. In two studies on marketing negotiations, the predictions based on …
Persistent link: https://www.econbiz.de/10005556559
This paper shows that altruism may be beneficial in bargaining when there is competition for bargaining partners. In a …
Persistent link: https://www.econbiz.de/10005124853
lack structural information, which contrasts with common notions of fairness or "manners" in ultimatum bargaining (Camerer …
Persistent link: https://www.econbiz.de/10005125583
clustering to bargaining environments sustains cooperative play analogous to the situation in finitely repeated PD games. …
Persistent link: https://www.econbiz.de/10005125594
study expands the design of previous studies of bilateral bargaining by including a third party and a new trading rule …
Persistent link: https://www.econbiz.de/10005125604
the labour union behaviour in the wage bargaining process as such an alternative. The explanation is based on the … demand. Thus, the bargaining power of unions is related to the capital-labour ratio. This paper provides some tests for these … hypotheses with panel data for Finnish companies. The results give support to the wage bargaining hypothesis. …
Persistent link: https://www.econbiz.de/10005125811
We examine a simple bargaining setting, where heterogeneous buyers and sellers are repeatedly matched with each other … contrast the efficient allocations with those that could ever arise as the equlibria of some voluntary negotiation procedure. …
Persistent link: https://www.econbiz.de/10005062338