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Price Formation by Bargaining and Posted Prices

Kultti, K.K. - Tilburg University, Center for Economic Research - 1997

engage in an auction. The agents may choose whether to go to markets with bargaining or posted prices. We show that both …We study markets with two types of agents. Sellers have an indivisible good for sale, and their reservation value is … number of buyers, and they may choose to determine the price of the good either by bargaining or by posting prices. These …

Persistent link: https://www.econbiz.de/10011092405

On the Nash Bargaining Solution with Noise

van Damme, Eric; Güth, W.; Ritzberger, K. - Tilburg University, Center for Economic Research - 2002

, the more balanced Nash bargaining solution is approximately restored.In all cases commitment occurs in equilibrium, even …

Persistent link: https://www.econbiz.de/10011090638

A bargaining model of financial intermediation

Bester, H. - Tilburg University, Center for Economic Research - 1994

Persistent link: https://www.econbiz.de/10011090933

On competing rewards standards : An experimental study of ultimatum bargaining

Gneezy, U.; Güth, W. - Tilburg University, Center for Economic Research - 1998

Persistent link: https://www.econbiz.de/10011091487

Bargaining for Over-The Counter Risk Redistributions : The Case of Longevity Risk

De Waegenaere, Anja; Norde, Henk; Boonen, T.J. - Tilburg University, Center for Economic Research - 2012

satisfies this criterion. We then explicitly model the bargaining process by which firms will agree to a particular …

Persistent link: https://www.econbiz.de/10011091866

Fairness, Public Good, and Emotional Aspects of Punishment Behavior

Abbink, K.; Sadrieh, A.; Zamir, S. - Tilburg University, Center for Economic Research - 2002

We report an experiment on two treatments of an ultimatum minigame.In one treatment, responders' reactions are hidden to proposers.We observe high rejection rates reflecting responders' intrinsic resistance to unfairness.In the second treatment, proposers are informed, allowing for dynamic...

Persistent link: https://www.econbiz.de/10011092134

Two-Stage Bargaining with Reversible Coalitions : The Case of Apex Games

Montero, M.P. - Tilburg University, Center for Economic Research - 2002

division can only be agreed upon after the coalition has formed (two-stage bargaining); second, negotiations in the coalition ….These results are robust to the details of the bargaining procedure.Surprisingly, having a two-stage process (rather than a one …

Persistent link: https://www.econbiz.de/10011092140

Equivalence of Auctions and Posted Prices

Kultti, K.K. - Tilburg University, Center for Economic Research - 1997

equilibrium when compared to bargaining markets. Posted price market dominate bargaining markets similarly. … participate in markets where trades are consummated by auctions or in markets where sellers post prices. We show that the selling … mechanisms are practically equivalent. Previous studies have shown that auction markets emerge as a unique evolutionary stable …

Persistent link: https://www.econbiz.de/10011090508

Market Timing : A Decomposition of Mutual Fund Returns

Swinkels, L.A.P.; van der Sluis, P.J.; Verbeek, M.J.C.M. - Tilburg University, Center for Economic Research - 2003

We decompose the conditional expected mutual fund return in ve parts.Two parts, selectivity and expert market timing, can be attributed to manager skill, and three to variation in market exposure that can be achieved by private investors as well.The dynamic model that we use to estimate the...

Persistent link: https://www.econbiz.de/10011092882

Robustness to Strategic Uncertainty (Revision of DP 2010-70)

Argenton, Cédric; Andersson, O.; Weibull, J. - Tilburg University, Center for Economic Research - 2010

We model a player’s uncertainty about other players’ strategy choices as smooth probability distributions over their strategy sets. We call a strategy profile (strictly) robust to strategic uncertainty if it is the limit, as uncertainty vanishes, of some sequence (all sequences) of strategy...

Persistent link: https://www.econbiz.de/10011092797