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, the more balanced Nash bargaining solution is approximately restored.In all cases commitment occurs in equilibrium, even …
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satisfies this criterion. We then explicitly model the bargaining process by which firms will agree to a particular …
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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...
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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 …
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number of buyers, and they may choose to determine the price of the good either by bargaining or by posting prices. These … engage in an auction. The agents may choose whether to go to markets with bargaining or posted prices. We show that both …
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Cloud computing technologies have the potential to increase innovation and economic growth considerably. But many users worry that data in the cloud can be accessed by others, thereby damaging the data owner. Consequently, they do not use cloud technologies up to the efficient level. I design an...
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We analyze competition among academic faculties for new researchers. The value to individual members through social interaction within the faculty depends on the average status of their fellow members. When competing for new members, existing members trade off the effect of entry on average...
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