Showing 1 - 10 of 9,442
We describe a simple 2-stage mechanism that induces two bargainers to be truthful in reporting their reservation prices in a 1st stage. If these prices criss-cross, the referee reports that they overlap, and the bargainers proceed to make offers in a 2nd stage. The average of the 2nd-stage...
Persistent link: https://www.econbiz.de/10008839490
protocol or a conflict to appropriate the surplus. In the cooperative negotiations, disagreement corresponds to a pro rata … which conflict will be preferred to negotiated agreements (and vice versa), and we derive welfare implications. Finally, we …
Persistent link: https://www.econbiz.de/10008674333
This paper studies bargaining and conflict under incomplete information, provides an overview and a critical account of … sequential bargaining that take confrontation as final. Conflict and inefficiencies are to be expected in these models whenever … parties have optimistic prospects on the outcome of the all-out conflict. After examining the causes and reasons for this …
Persistent link: https://www.econbiz.de/10008465156
In the context of international bargaining, standard models predict that a shift in military power can cause preventive … war because it changes the relative bargaining position between states. We find that shifts in military power are not the … the relative bargaining position changes substantially. …
Persistent link: https://www.econbiz.de/10010617553
I examine the determinants of conflict and settlement by embedding probabilistic contests in a bargaining framework … frontiers. After examining the incentives for settlement, I demonstrate how different division rules and bargaining norms have … real, economic effects. I then analyze some sources of conflict. I emphasize long-term, strategic considerations by …
Persistent link: https://www.econbiz.de/10004977974
issue by modelling the automated negotiation process as a two-person bargaining game under incomplete information. A first …
Persistent link: https://www.econbiz.de/10005056871
experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is … independent of the balance of power. If bargaining involves endogenous demand choices, however, the likelihood of conflict is …We study the role of an imbalance in fighting strengths when players bargain in the shadow of conflict. Our …
Persistent link: https://www.econbiz.de/10011202941
We present a novel approach to N-person bargaining, based on the idea that the agreement reached in a negotiation is … determined by how the direct conflict resulting from disagreement would be resolved. Our basic building block is the disagreement … individual rationality we reach a unique solution: the agreement in the shadow of conflict, ASC. This agreement may be construed …
Persistent link: https://www.econbiz.de/10005572627
We propose a new bargaining solution, based on the idea - borrowed from Hobbes - that the agreement reached in a … negotiation should be determined by how the direct conflict resulting from disagreement would be resolved. The explicit modeling … of the disagreement game directly leads to the observation that the outcome of conflict is a function of the stakes. Thus …
Persistent link: https://www.econbiz.de/10005750726
We present a novel approach to N-person bargaining based on the idea that the agreement reached in a negotiation is … determined by how the direct conflict resulting from disagreement would be resolved. Our basic building block is the disagreement … bargaining problem, a weak axiom based on individual rationality leads to a unique solution: the agreement in the shadow of …
Persistent link: https://www.econbiz.de/10005147096