Showing 1 - 10 of 225
This paper presents an analysis of general time preferences in the canonical Rubinstein (1982) model of bargaining …
Persistent link: https://www.econbiz.de/10011705183
We provide causal evidence that patience is a significant source of bargaining power. Generalizing the Rubinstein (1982 …) bargaining model to arbitrarily non-stationary discounting, we first show that dynamic consistency across bargaining rounds is … bargaining delay is negligible (frequent offers, so dynamic consistency holds by design), while payoff delay is significant (a …
Persistent link: https://www.econbiz.de/10014279476
I revisit the Rubinstein (1982) model for the classic problem of price hag- gling 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/10013191479
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...
Persistent link: https://www.econbiz.de/10013331070
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...
Persistent link: https://www.econbiz.de/10014458804
We investigate a random proposer bargaining game with a dead line. A bounded time interval is divided into bargaining … periods of equal length and we study the limit of the subgame perfect equilibrium outcome as the number of bargaining periods …
Persistent link: https://www.econbiz.de/10012503005
We study a Baron-Ferejohn (1989) type of bargaining model to which we append an investment stage. As long as no … accept it. Prior to the bargaining stage, players may make investments to increase their recognition probabili- ties in the … bargaining game. The investment stage is modeled in the standard way, first suggested by Tullock (1980). When investment costs …
Persistent link: https://www.econbiz.de/10012503034
experiment compares one-shot and indefinite horizon versions of random-proposer majority bargaining (the Baron-Ferejohn game … and bargaining games from three seminal social preference experiments. …
Persistent link: https://www.econbiz.de/10011762571
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … in isolated bilateral bargaining. …
Persistent link: https://www.econbiz.de/10012587476
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … in isolated bilateral bargaining. …
Persistent link: https://www.econbiz.de/10012648091