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Online Dispute Resolution and Bargaining
Gabuthy, Yannick - 2014
modelling the automated negotiation process as a two-person bargaining game under incomplete information. A first result states …
Persistent link: https://www.econbiz.de/10014027208
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A Simple Bargaining Mechanism that Elicits Truthful Reservation Prices
Brams, Steven J.; Kaplan, Todd R.; Kilgour, D. Marc - 2012
/2; if neither offer falls into the interval, there is no settlement. Comparisons are made with other bargaining mechanisms …
Persistent link: https://www.econbiz.de/10014043989
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Simple sequencing problems with interdependent costs
Hain, Roland; Mitra, Manipushpak - 2001
Persistent link: https://www.econbiz.de/10001603075
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Incomplete information and multiple machine queueing problems
Mitra, Manipushpak - 2001
Persistent link: https://www.econbiz.de/10001603077
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Simple sequencing problems with interdependent costs
Hain, Roland; Mitra, Manipushpak - 2001
In this paper we analyze sequencing situations under incomplete information where agents have interdependent costs. We first argue why Vickrey-Clarke-Groves (or VCG) mechanism fails to implement a simple sequencing problem in dominant strategies. Given this impossibility, we try to implement...
Persistent link: https://www.econbiz.de/10011538943
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Incomplete information and multiple machine queueing problems
Mitra, Manipushpak - 2001 - Revised on March 2001
In mechanism design problems under incomplete information, it is generally difficult to find decision problems that are first best implementable. A decision problem under incomplete information is first best implementable if there exists a mechanism that extracts the private information and...
Persistent link: https://www.econbiz.de/10011539813
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Information acquisition in conflicts
Morath, Florian; Münster, Johannes - 2010
This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information where one player has private information about his valuation. Then, we use ou rresults...
Persistent link: https://www.econbiz.de/10003950481
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Inefficiency in private value bargaining with naive players : an experimental study
Possajennikov, Alexandre; Saran, Rene - 2018
The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting …
Persistent link: https://www.econbiz.de/10011852503
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Optimal Mechanism Design with Resale Via Bargaining
Zhang, Jun - 2016
this optimal mechanism, the seller never allocates the object to the regular buyer regardless of his bargaining power in … if resale is prohibited. We find that the seller's revenue is increasing in the publicly known buyer's bargaining power … in the resale market. When the publicly known buyer has full bargaining power, Myerson's optimal revenue is achieved …
Persistent link: https://www.econbiz.de/10012989366
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The Bankruptcy Auction as a Game - Designing an Optimal Auction in Bankruptcy
Rotem, Yaad; Dekel, Omer - 2013
Bankruptcy auctions have become a preferred practice in bankruptcy, frequently used to maximize the value of the distressed assets for the claimants’ benefit. Still, what is the optimal design of a bankruptcy auction? Does the method used to execute a bankruptcy auction matter at all? Does one...
Persistent link: https://www.econbiz.de/10014157553