Showing 1 - 10 of 1,220
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
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/10010272404
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
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
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
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/10010547148
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/10010547215
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 … 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
I study a situation where two players disagree on the division of a good. In the first of two stages, the players can divide the good peacefully between them by signing a contract. If either or both players reject the contract, they must engage in a costly contest over the good. One of the...
Persistent link: https://www.econbiz.de/10010337007