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Das Verhalten der griechischen Regierung in den gegenwärtigen Verhandlungen über ihre Schulden erscheint nur wenig verständlich. Maßnahmen unterbleiben, die erforderlich wären. Was stattdessen durchgeführt wurde, sind Maßnahmen, die erhebliche finanzielle Verpflichtungen des Staates...
Persistent link: https://www.econbiz.de/10011693832
negotiation occurring within evaluation committees and test the decision rule implied by the theoretical model on the sample …
Persistent link: https://www.econbiz.de/10011401646
There has been a long debate on equilibrium characterization in the negotiation model when players have different time …
Persistent link: https://www.econbiz.de/10010325330
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified...
Persistent link: https://www.econbiz.de/10010325478
The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect equilibrium proposals in the alternating offers model, also for positive time between proposals. As time vanishes, convergence to the Nash bargaining solution is...
Persistent link: https://www.econbiz.de/10010325509
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set of its subgame perfect equilibrium payoffs, we provide a recursive technique that relies on the Pareto frontier of equilibrium payoffs. When players have different time...
Persistent link: https://www.econbiz.de/10010325535
Auctions are a popular and prevalent form of trading mechanism, despite the restriction that the seller cannot price-discriminate among potential buyers. To understand why this is the case, we consider an auction-like environment in which a seller with an indivisible object negotiates with two...
Persistent link: https://www.econbiz.de/10010332208
one potential buyer about the price of the good. If the negotiation fails to produce a sale, a second 'price sealed' bid … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides … large amount of sales occurs already during the negotiation stage. We show that risk preferences can theoretically account …
Persistent link: https://www.econbiz.de/10010333988
In all the literature on the theory and practice of negotiation, the governing metaphor remains consistently one of war … or fighting. This is true not only for tactical schools of power-based negotiation, but even for more constructive … dance. We will see that both the content and the process of negotiation can change dramatically once when we think of …
Persistent link: https://www.econbiz.de/10010352068
This paper empirically examines the widespread belief that voluntarily negotiated agreements produce better long-run relationships than third-party imposed settlements, such as arbitrator decisions or court judgments. Two key outcomes are analyzed – subsequent player performance and the...
Persistent link: https://www.econbiz.de/10010352280