This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …

This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …

buyers and sellers offset the superior bargaining capability of one side or the other. In competitive equilibrium, to a first … of bargaining pace. …

In a bargaining setting with asymmetrically informed, inequity-averse parties, a fully efficient mechanism (i.e., the …