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We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …
Persistent link: https://www.econbiz.de/10011372980
The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary … vanishes, convergence to the Nash bargaining solution is immediate by the Maximum Theorem. Numerical implementation in standard …
Persistent link: https://www.econbiz.de/10011343949
We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting …
Persistent link: https://www.econbiz.de/10013029808
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 study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting …
Persistent link: https://www.econbiz.de/10014036435
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …
Persistent link: https://www.econbiz.de/10012729091
We introduce a form of pre-play communication that we call preopening. During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...
Persistent link: https://www.econbiz.de/10011380033
applications to legislative bargaining and international trade negotiations …
Persistent link: https://www.econbiz.de/10013134921
We study the effect of strengthening CACs in a debt rollover model of a sovereign debt crisis. Conditional on default, there are multiple equilibria: the impact of strengthening CACs depends critically on the prevailing equilibrium. For a subset of equilibria, (i) given a fixed number of...
Persistent link: https://www.econbiz.de/10014049846
Using a sequential model of multilateral bargaining involving one buyer and two sellers, who are selling objects which … are imperfect compliments for the buyer, we analyse buyer's preferred bargaining order i.e. whether the buyer prefers to … exhibit high degree of complimentarity, multiple equilibria exist such that both the bargaining orders are preferred. For rest …
Persistent link: https://www.econbiz.de/10012909266