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This paper presents an experiment performed to test the properties of an innovativebargaining mechanism (called automated negotiation) used to resolve disputes arising fromInternet-based transactions. The main result shows that the settlement rule tends to chillbargaining as it creates...
Persistent link: https://www.econbiz.de/10010750512
Conciliation). The two mechanisms are also compared with a negotiation without arbitration. We observe that the ROC mechanism seems …We run a series of experiments to compare the well known arbitration scheme FOA (Final Offer Arbitration) with a new … arbitration scheme, non compulsory, we proposed in a companion paper (Tanimura and Thoron (2008)): ROC (Recursive Offer …
Persistent link: https://www.econbiz.de/10008924979
efficiency. This conclusion is consistent with the experimental results on arbitration and the well-known chilling effect …
Persistent link: https://www.econbiz.de/10008789255
Automated negotiation process seems to be a powerful mechanism to resolve disputes arising from Internet-based transactions. Automated negotiation is an online blind-bidding process in which an automated algorithm evaluates bids from the parties and settles the case if the offers are within a...
Persistent link: https://www.econbiz.de/10008791155