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Negotiations frequently end in conflict after one party rejects a final offer. In a large-scale internet experiment, we …
Persistent link: https://www.econbiz.de/10011422173
The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...
Persistent link: https://www.econbiz.de/10010274897
The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...
Persistent link: https://www.econbiz.de/10011430854
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …
Persistent link: https://www.econbiz.de/10010291548
shared practices in the form of a model convention that provides a focal point for bilateral negotiations. The strategic … Staaten am besten in bilateralen Verhandlungen aufeinander abgestimmt werden. Weil es außerdem bei bilateralen … Fokalpunkt für die bilateralen Verhandlungen. Die strategische Struktur als Koordinationsspiel kann außerdem erklären, warum die …
Persistent link: https://www.econbiz.de/10010306400
. The goal is to determine under what conditions players prefer to link negotiations on two different issues rather than to … negotiate on the two issues separately. Suppose that players are asked to vote on issue linkage before starting negotiations …
Persistent link: https://www.econbiz.de/10011325077
This paper reports the results of experiments involving a 3-personcoalitionformation game with an ultimatumbargaining character. The grand coalition was always the efficientcoalition,whereas the values of the 2-personcoalitions are varied such that they lead to an efficiency loss inthe range...
Persistent link: https://www.econbiz.de/10010324594
Although reciprocity is a key concept in the social sciences, it is still unclear why people engage in costly reciprocation. In this study, physiological and self-report measures were employed to investigate the role of emotions, using the Power-to-Take Game. In this 2-person game, player 1 can...
Persistent link: https://www.econbiz.de/10010325363
's cooperative bargaining solution. Given bargaining cost on both sides and an exogenous probability for the negotiations to stop at …
Persistent link: https://www.econbiz.de/10011608291
Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study coalition formation in such a setting. Our analysis proceeds by defining on a partition function an extensive form bargaining game. We establish the existence of a stationary...
Persistent link: https://www.econbiz.de/10011608412