Showing 1 - 10 of 3,518
This paper characterizes equilibrium outcomes of extensive form games with incomplete information in which players can …-proof contracts and strategies for general extensive form games with incomplete information and apply our results to two-stage games …
Persistent link: https://www.econbiz.de/10010222351
maximum amount of information that can be transmitted in equilibrium is increasing in the bargaining power of the Sender … predict that information transmission is increasing in the Sender's relative bargaining power. This prediction is corroborated … by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …
Persistent link: https://www.econbiz.de/10011386160
messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked …
Persistent link: https://www.econbiz.de/10010418867
than in either of the No Signal treatments. We also find that information about the other person's play appears to increase … this additional information are unable to overcome the apparent pessimism about the feasibility of coordination without a …
Persistent link: https://www.econbiz.de/10014122582
by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining … mechanisms: unstructured bargaining, the Texas shoot-out, and a K + 1 auction. We find that the K +1 auction is the most e¢ cient … mechanism, which is in line with theory. Free format bargaining yields a surprising number of disagreements, which are not …
Persistent link: https://www.econbiz.de/10014380287
We propose a bargaining process supergame over the strategies to play in a non-cooperative game. The agreement reached … by players at the end of the bargaining process is the strategy profile that they will play in the original non … existence, uniqueness, and efficiency of the agreement reachable through this bargaining process. We illustrate the consequences …
Persistent link: https://www.econbiz.de/10011316539
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … bargaining solution is the unique stationary subgameperfect equilibrium. …
Persistent link: https://www.econbiz.de/10011296159
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can … communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out …
Persistent link: https://www.econbiz.de/10011279698
Giving in the dictator game has often been interpreted as evidence of other-regarding preferences. We suspect that giving is determined by subjects’ attempts to appear fair in the eyes of recipients and the experimenter. Therefore, we investigate behavior in the dictator game by using the...
Persistent link: https://www.econbiz.de/10014156160
, we conduct a novel time-pressure experiment to shed light on the cognitive underpinnings of cooperation. Although we find …
Persistent link: https://www.econbiz.de/10011458007