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We propose and initiate the study of privacy elasticity--the responsiveness of economic variables to small changes in the level of privacy given to participants in an economic system. Individuals rarely experience either full privacy or a complete lack of privacy; we propose to use differential...
Persistent link: https://www.econbiz.de/10013334433
likely to close a deal than low performers. Effective mediators improve bargaining outcomes by helping buyers and sellers … negotiations, overcoming some of the inefficiency inherent in incomplete-information settings …
Persistent link: https://www.econbiz.de/10012616607
private. We implement different semi-structured bargaining protocols based on deferred acceptance, and we compare their … performance to the benchmark scenario of a sealed-bid auction. We show that bargaining dramatically improves efficiency, mainly to … the benefit of players rather than the silent auctioneer. A protocol of unconstrained simultaneous bargaining performs …
Persistent link: https://www.econbiz.de/10012629485
asymmetric information about the preferences of their members? How effective should we expect it to be as we increase the group …
Persistent link: https://www.econbiz.de/10014226188
information is symmetrically distributed and the scoring bias is set to offset the initial asymmetry between players … signals and (ii) endogenous information structure. We show that information favoritism can play a useful role in addressing …
Persistent link: https://www.econbiz.de/10014247957
Which is the more profitable way to sell a company: a public auction or an optimally structured negotiation with a smaller number of bidders? We show that under standard assumptions the public auction is always preferable, even if it forfeits all the seller's negotiating power, including the...
Persistent link: https://www.econbiz.de/10012474326
receiver can rationally prefer to obtain information from a poorly-informed sender with aligned preferences, rather than a …
Persistent link: https://www.econbiz.de/10012510540
, and test its implications using millions of online bargaining interactions. Items listed at multiples of $100 receive …Can sellers credibly signal their private information to reduce frictions in negotiations? Guided by a simple cheap …
Persistent link: https://www.econbiz.de/10012457382
A model of interest rate movements in response to new information on the money stock is developed.The model, which …
Persistent link: https://www.econbiz.de/10012477495
tariffs that are strictly below their bound rates. When private information is persistent through time, an enforcement …-optimal tariff, in order to conceal weakness. It also suggests a new information-based theory of gradualism in trade agreements …
Persistent link: https://www.econbiz.de/10012463835