Showing 1 - 10 of 321
We report experimental findings on the role of charitable promises in bargaining settings. We vary the enforceability … a charitable donation. By reneging on initial pledges, dishonest proposers can turn the bargaining power to their …
Persistent link: https://www.econbiz.de/10013223664
This paper studies mechanism design with limited commitment where agents have persistent correlated types over the infinite horizon. The mechanism designer now faces the informed-principal problem in addition to usual issues with i.i.d. types. With an infinite horizon and nondurable good, there...
Persistent link: https://www.econbiz.de/10012892075
We study strategic interaction in an experimental social-preferences vacuum chamber. We mute social preferences by letting participants knowingly interact with computers. Our new design allows for indirect strategic interaction: there are several waves in which computer players inherit the...
Persistent link: https://www.econbiz.de/10013213777
We consider a public-private partnership in an infrastructure project, which requires specialised expertise during the construction stage for the infrastructure to operationalise. This entails that, after an investment is made to begin building the infrastructure, its construction is completed...
Persistent link: https://www.econbiz.de/10012860529
the new product using the normatively appealing Nash bargaining solution (see Nash, 1950). In our model the disagreement … payoffs endogenously depend on the contest outcome. More precisely, a bargaining advantage is given to the leading worker in …
Persistent link: https://www.econbiz.de/10012841137
We analyse the two-dimensional Nash bargaining solution (NBS) deploying a standard labour market negotiations model … (McDonald and Solow, 1981). We show that the two-dimensional bargaining problem can be decomposed into two one … implications for actual negotiations, as it allows for the decomposition of a multi-dimensional bargaining problem into simpler …
Persistent link: https://www.econbiz.de/10012828121
We frame sustainability problems as bargaining problems among stakeholders who have to agree on a common development … bargaining theory and mechanisms. We define a framework accounting for the economic environment, which specifies how the set of …
Persistent link: https://www.econbiz.de/10012892119
We study experimentally the impact of pre-play social interactions on negotiations. These interactions are often complex. Thus, we attempt to isolate the impact of several of its more common components: conversations, food, and beverages, which could be alcoholic or nonalcoholic. To do this, our...
Persistent link: https://www.econbiz.de/10012892146
Real-world negotiations differ fundamentally from existing bargaining theory. Inspired by the Paris Agreement on … climate change, this paper develops a novel bargaining game in which each party quantities its own contribution (to a public …, each equilibrium pledge coincides with an asymmetric Nash bargaining solution. The weights placed on others. payouts …
Persistent link: https://www.econbiz.de/10012892276
I revisit the Rubinstein (1982) model for the classic problem of price haggling and show that bargaining can become a … of fixed bargaining costs). Augmenting the protocol with unilateral exit options for responding bargainers generally …
Persistent link: https://www.econbiz.de/10014077332