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A two-persons bargaining problem often consists of initially incompatible demands that can be unilaterally reduced by sequential concessions. In a 2 x 2 x 2-factorial design we distinguish between reliable and unreliable concessions, between a static and dynamic settings and between symmetric...
Persistent link: https://www.econbiz.de/10005866602
provider.The optimal bids and bribes are derived based on an iid private costassumption. In the experiment, bribes are …
Persistent link: https://www.econbiz.de/10005866715
A conditional cooperator in a public goods game wants to match hispartners' expected contribution. We investigate theoretically and empiricallywhether (and to what extent) conditional cooperation can explainhow individual contributions evolve in a repeated two-person public goodsexperiment using...
Persistent link: https://www.econbiz.de/10005866947
The Nash Bargaining problem in the context of a random utility modelyields a stochastic demand for each player, conditional on his or her beliefs re-garding the other player's behavior. We derive a symmetric logit equilibriumunder naive expectations that converges to the Nash axiomatic solution...
Persistent link: https://www.econbiz.de/10005866951