Showing 1 - 10 of 315
We propose a bargaining process supergame over the strategies to play in a non-cooperative game. The agreement reached … by players at the end of the bargaining process is the strategy profile that they will play in the original non … existence, uniqueness, and efficiency of the agreement reachable through this bargaining process. We illustrate the consequences …
Persistent link: https://www.econbiz.de/10011316539
We propose a bargaining process supergame over the strategies to play in a non-cooperative game. The agreement reached … by players at the end of the bargaining process is the strategy profile that they will play in the original non … existence, uniqueness, and efficiency of the agreement reachable through this bargaining process. We illustrate the consequences …
Persistent link: https://www.econbiz.de/10011709852
We analyze a dynamic bargaining game where parties can agree to implement a policy change, which is costly (beneficial …
Persistent link: https://www.econbiz.de/10014422522
We consider a multilateral bargaining game in which the agents can be classified into two groups according to their …
Persistent link: https://www.econbiz.de/10011515611
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 period 1 and experience all bargaining payoffs in period 2, the players …
Persistent link: https://www.econbiz.de/10014422534
We set up a rich bilateral bargaining model with four salient points (disagreement point, ideal point, reference point … determined. This model allows us to compare two bargaining solutions that use reference points, the Gupta-Livne solution and the … solutions place on the disagreement point do not directly imply a unique efficiency ranking in this bargaining problem with a …
Persistent link: https://www.econbiz.de/10011316643
in real life. Our study involves 15 negotiations from Germany and China. Over the course of the negotiation, bargainers … the negotiation, equity tends to lose, while the prominence of round numbers gains importance. Similarities between the …
Persistent link: https://www.econbiz.de/10011771180
We study contracting and costly renegotiation in settings of complete, but unverifiable information, using the mechanism-design approach. We show how renegotiation activity is best modeled in the fundamentals of the mechanism-design framework, so that noncontractibility of renegotiation amounts...
Persistent link: https://www.econbiz.de/10010681054
the model, players alternately engage in contract negotiation and take individual actions. A notion of contractual … equilibrium, which combines a bargaining solution and individual incentive constraints, is proposed and analyzed. The modeling … negotiation process. Examples and guidance for applications are provided, along with existence results and a result on a monotone …
Persistent link: https://www.econbiz.de/10011030513
in real life. Our study involves 15 negotiations from Germany and China. Over the course of the negotiation, bargainers … the negotiation, equity tends to lose, while the prominence of round numbers gains importance. Similarities between the …
Persistent link: https://www.econbiz.de/10011852710