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The resolution of a conflict often has an impact which extends beyond the remits of the parties directly involved in the confrontation (e.g. labour negotiations in sectors of public interest, where a strike would impact on the public at large). Once this is recognised, models addressing...
Persistent link: https://www.econbiz.de/10005407596
This article proposes a method for considering the bargaining agenda as an endogenous phenomenon in gradual bargaining … games, understood as being path-dependent processes. Some short, medium and long-term results for bargaining are presented …
Persistent link: https://www.econbiz.de/10005550892
-inconsistent players in a sequential bargaining model. We first consider 'naive' agents who never learn about their types and show that … bargaining between such a player and a standard exponential agent ends in immediate agreement. The more naive a player, the … explanation for delays in bargaining. …
Persistent link: https://www.econbiz.de/10005550915
We propose a new framework for bargaining in which the process follows an agenda. The agenda is represented by a family … \emph{bargaining solution} for an agenda specifies a path of agreements, one for each time. We characterize axiomatically a …. It can be viewed as the limit of a step-by-step bargaining process in which the agreement point of the last negotiation …
Persistent link: https://www.econbiz.de/10005118569
lack structural information, which contrasts with common notions of fairness or "manners" in ultimatum bargaining (Camerer …
Persistent link: https://www.econbiz.de/10005125583
Our study concerns bargaining behavior in situations where one party is in a stronger position than the other. We …' concern for fairness, and the tradeoff the disadvantaged player makes between pursuing a fair outcome from a disadvantaged … weak players persist in seeking "fairness" is also a function of how much it (potentially) costs them to do so. Students …
Persistent link: https://www.econbiz.de/10005556668
We study the emergence and coexistence of monetary and credit transactions in a model where exchange is decentralized. Agents belong to different villages which are informationally separated. The frequency of meetings between any two different villages decreases as their respective geographic...
Persistent link: https://www.econbiz.de/10005076754
Agent-based computational economics (ACE) is the computational study of economies modelled as evolving decentralized systems of autonomous interacting agents. A key focus of ACE research is understanding how global regularities arise from the bottom up, through the repeated local interactions of...
Persistent link: https://www.econbiz.de/10005076912
Artificial life (alife) is the bottom-up study of basic phenomena commonly associated with living agents, such as self- replication, evolution, adaptation, self-organization, exploitation, competition, cooperation, and social network formation. Alife complements the traditional biological and...
Persistent link: https://www.econbiz.de/10005076914
Agent-based computational economics (ACE)is the computational study of economies modelled as evolving systems of autonomous interacting agents. This short paper is a brief guide to recent ACE research. For more information, visit the ACE Web site at http://www.econ.iastate.edu/tesfatsi/ace.htm....
Persistent link: https://www.econbiz.de/10005076919