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option to buy via search or return to bargaining. Here many buyers choose a bargaining agreement when a search outcome is …This experimental study investigates two bargaining games with twosided incomplete information between a seller and a … predicted. For those who opt out, search outcomes are overall efficient and behavior is relatively close to the optimal search …
Persistent link: https://www.econbiz.de/10010294771
This research states the stylised n (more than two) players' splitting problem as a mathematical programme, relying on definitions of the values of the game and problem stationarity to generate tractable reduced forms, and derives the known solutions according to the properties of pertaining...
Persistent link: https://www.econbiz.de/10011524731
This paper uses the example of an exam to model multi-dimensional search under a deadline. When the dimension is two …, an order-invariance property allows simple characterization of the optimal search policy. Behavior is shown to be highly …; this increases complexity of the problem of finding the optimal search policy. …
Persistent link: https://www.econbiz.de/10011940733
I study a dynamic one-sided-offer bargaining model between a seller and a buyer under incomplete information. The … seller knows the quality of his product, while the buyer does not. During bargaining, the seller may receive an outside … randomized offer throughout the bargaining process. As a result, the equilibrium behavior produces an outcome path that resembles …
Persistent link: https://www.econbiz.de/10012938335
We study the effect of the transparency of outside options in bilateral bargaining. A seller posts prices to screen a …
Persistent link: https://www.econbiz.de/10013005787
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … in isolated bilateral bargaining. …
Persistent link: https://www.econbiz.de/10012648091
-perpetuating allocations realized from a simple bargaining game must be core allocations although players make simultaneous demands for surplus …
Persistent link: https://www.econbiz.de/10014068090
This paper studies a dynamic bargaining model with informational externalities between bargaining pairs. Two principals …
Persistent link: https://www.econbiz.de/10013094968
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … in isolated bilateral bargaining. …
Persistent link: https://www.econbiz.de/10012587476
Persistent link: https://www.econbiz.de/10011571587