The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …

-interest or envy, of one bargaining party as private information in a three period game of bargaining and preference screening and …Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been …-interested incompletely exploit their advantage. Delay in agreement occurs even if all experimentally controlled information is common …

engage in a costly contest over the good. One of the players' valuation is assumed to be private information. The feasibility …

possesses advantageous information and has the opportunity to be deceitful. In our ultimatum game, only proposers know the size …

We provide causal evidence that patience is a significant source of bargaining power. Generalizing the Rubinstein (1982 …) bargaining model to arbitrarily non-stationary discounting, we first show that dynamic consistency across bargaining rounds is … bargaining delay is negligible (frequent offers, so dynamic consistency holds by design), while payoff delay is significant (a …

higher rates of equitable bargaining behavior than would be expected based on rational self-interest. It has been argued that … prosocial motivations related to fairness are completely removed. In our experiment, the only reason to make a non-zero offer is … relied upon as a motivator in the context of inherently adversarial bargaining interactions …

We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options …

Experimental studies of two-person sequential bargaining demonstrate that the concept of subgame perfection is not a … bargainers in two-person dyads coordinate their expectations on a bargaining convention and how this convention is supported by … experiment, we develop a Markov model of adaptive expectations and bounded rationality. The model predicts actual behavior quite …

The present paper analyzes the dynamics of bargaining of the ultimatum game in presence of social differences amidst …

We experimentally investigate the relevance of (asymmetric) outside options in ultimatum bargaining. Building on the …