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This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders' fairness attitudes … in isolated bilateral bargaining. …
Persistent link: https://www.econbiz.de/10012653512
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders' fairness attitudes … in isolated bilateral bargaining. …
Persistent link: https://www.econbiz.de/10012589795
test the robustness of theoretical predictions. To illustrate this point we conduct a three-person bargaining experiment … assumptions, our less structured experiment provides new insights into how multilateral bargaining may play out in real world …
Persistent link: https://www.econbiz.de/10012141438
We consider an n-player bargaining problem where the utility possibility set is compact, convex, and stricly …, all such equilibria converge to the Nash bargaining solution as the length of a time period between offers goes to zero …
Persistent link: https://www.econbiz.de/10012502973
We extend the Baron and Ferejohn (1989) model of multilateral bargaining by allowing the players to attempt commiting … to a bargaining position prior to negotiating. If successful, commitment binds a player to reject any proposal which … reason is that competition to be included in the winning coalition discourages attempts to commit to an aggressive bargaining …
Persistent link: https://www.econbiz.de/10012545943
making. We do so in the context of a distributive multilateral bargaining model featuring strategic pre-commitment. Prior to … each bargaining round, players can declare a minimum share that they must receive in return for their vote. Such …
Persistent link: https://www.econbiz.de/10015046548
In many bargaining situations, the distribution of seats or voting weights does not accurately reflect bargaining power … at gender differences in bargaining behavior and in the effect of nominal weights. We find that women and men differ in …
Persistent link: https://www.econbiz.de/10013200168
A two-person infinite-horizon bargaining model where one of the players may have either of two discount factors, has a …
Persistent link: https://www.econbiz.de/10011599552
These notes review two simple heterogeneous agent models in economics and finance. The first is a cobweb model with rational versus naive agents introduced in Brock and Hommes (1997). The second is an asset pricing model with fundamentalists versus technical traders introduced in Brock and...
Persistent link: https://www.econbiz.de/10010325164
This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...
Persistent link: https://www.econbiz.de/10010325401