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Time-inconsistent bargaining and cross-commitments
Utset, Manuel A. - In: Games 14 (2023) 3, pp. 1-21
The paper studies bargaining games involving players with present-biased preferences. The paper shows that the relative timing of bargaining rewards and bargaining costs will determine whether the players' present-bias will affect bargaining outcomes. In cases where players agree to a bargain in...
Persistent link: https://www.econbiz.de/10014422534
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Delay to deal : bargaining with indivisibility and round-dependent transfer
Fan, Jijian - In: Games 14 (2023) 5, pp. 1-8
to accept or delay, and are rewarded with an indivisible portion and a perishable transfer that depends on the round. Our … number of rounds of delay before an agreement is reached. The equilibrium delay is longer when the players are more patient …
Persistent link: https://www.econbiz.de/10014426519