Showing 1 - 10 of 28
, motivation crowding, anchoring, and classroom peer effects. …
Persistent link: https://www.econbiz.de/10012057138
We test whether markets are needed to mitigate the effects of anchoring on peoples' pref- erences. We anchor subjects … supports the idea that markets have the potential to mitigate a bias. However, the market is not needed: our anchoring …
Persistent link: https://www.econbiz.de/10012122507
affects trade between buyers and sellers. For bilateral trade, the literature has identified efficiency, anchoring, and … granularity effects of cheap-talk communication on negotiation outcomes. Our results show that most of these effects survive with … bargaining and in competition; (ii) Competition reduces the informativeness of the price requests and weakens the anchoring …
Persistent link: https://www.econbiz.de/10014299618
The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect equilibrium proposals in the alternating offers model, also for positive time between proposals. As time vanishes, convergence to the Nash bargaining solution is...
Persistent link: https://www.econbiz.de/10011343949
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified...
Persistent link: https://www.econbiz.de/10011343950
There has been a long debate on equilibrium characterization in the negotiation model when players have different time …
Persistent link: https://www.econbiz.de/10011348702
Persistent link: https://www.econbiz.de/10003314803
This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...
Persistent link: https://www.econbiz.de/10010532580
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set of its subgame perfect equilibrium payoffs, we provide a recursive technique that relies on the Pareto frontier of equilibrium payoffs. When players have different time...
Persistent link: https://www.econbiz.de/10011372980
In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller. Asymmetric information is the starting point of many models for the housing market. In this paper, we estimate the causal effect of list-price reductions to test for the...
Persistent link: https://www.econbiz.de/10011380153