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attrition: Negotiators initially commit to incompatible offers, but agreement occurs once a negotiator's commitment decays. If …
Persistent link: https://www.econbiz.de/10010931181
Can two negotiators fail to agree when both the size of the surplus and the rationality of the negotiators are common knowledge? We show that the answer is affirmative. When the negotiators can make irrevocable commitments at a low but positive cost, the unique symmetric equilibrium entails...
Persistent link: https://www.econbiz.de/10010263800
, to simultaneously and visibly commit to some share of the pie. If commitment costs are small but increasing in the … approaches zero, the horizon approaches in…nity, and commitment costs approach zero, the unique bargaining outcome corresponds to …
Persistent link: https://www.econbiz.de/10012110635
to a bargaining position prior to negotiating. If successful, commitment binds a player to reject any proposal which … allocates to her a share below a self-imposed threshold. Any such attempted commitment fails and decays with an exogenously … inefficient, according to how how many commitment attempts must fail in order for an agreement to arise. The most inefficient …
Persistent link: https://www.econbiz.de/10012545943
, to simultaneously and visibly commit to some share of the pie. If commitment costs are small but increasing in the … approaches zero, the horizon approaches in…nity, and commitment costs approach zero, the unique bargaining outcome corresponds to …
Persistent link: https://www.econbiz.de/10008543210
Can two negotiators fail to agree when both the size of the surplus and the rationality of the negotiators are common knowledge? We show that the answer is affrmative. When the negotiators can make irrevocable commitments at a low but positive cost, the unique symmetric equilibrium entails...
Persistent link: https://www.econbiz.de/10005090592
Persistent link: https://www.econbiz.de/10011304945
to a bargaining position prior to negotiating. If successful, commitment binds a player to reject any proposal which … allocates to her a share below a self-imposed threshold. Any such attempted commitment fails and decays with an exogenously … inefficient, according to how how many commitment attempts must fail in order for an agreement to arise. The most inefficient …
Persistent link: https://www.econbiz.de/10012176463
making. We do so in the context of a distributive multilateral bargaining model featuring strategic pre-commitment. Prior to …
Persistent link: https://www.econbiz.de/10014578010