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It is well known that delegating the play of a game to an agent via incentive contracts may serve as a commitment device and hence provide a strategic advantage. Previous literature has shown that any Nash equilibrium outcome of an extensive-form principals-only game can be supported as a...
Persistent link: https://www.econbiz.de/10012001777
payoffs of a game where each player faces the possibility of bargaining at random against any other player. In the kooperative …
Persistent link: https://www.econbiz.de/10010318958
effects on strike incidence. This ambiguity may explain why higher strike costs need not always lead to fewer strikes, and … incidence data. Although couched in terms of strikes, the results are equally applicable to other negotiation situations. …
Persistent link: https://www.econbiz.de/10011641774
This paper argues that the notion of focal points is important in understanding bargaining processes. Recent literature … confines a discussion of the usefulness of the notion to coordination problems and when bargaining experiments result in … equal split division and it re-interprets recent experimental evidence in bargaining games. Experimental economists should …
Persistent link: https://www.econbiz.de/10011349211
I study a situation where two players disagree on the division of a good. In the first of two stages, the players can divide the good peacefully between them by signing a contract. If either or both players reject the contract, they must engage in a costly contest over the good. One of the...
Persistent link: https://www.econbiz.de/10010337007
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … sequential network bargaining. Assuming patient players, we provide a complete characterization of networks being pairwise (Nash … bargaining outcomes to be substantially narrowed down provided pairwise stability. Further, we find that for sufficiently high …
Persistent link: https://www.econbiz.de/10010458499
This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We …
Persistent link: https://www.econbiz.de/10010128002
This paper studies bargaining between a seller and a buyer with binary private valuation. Because the setting is more …
Persistent link: https://www.econbiz.de/10014502278
of bargaining, where offers are made, with claim stages, where one side can commit to impose surrender on the other … both wrong. Bargaining proposals that are rejected initially might eventually be accepted after several periods of …
Persistent link: https://www.econbiz.de/10010317128
the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at … ; Cover Function ; Bargaining ; Symmetric Game ; Network …
Persistent link: https://www.econbiz.de/10008737140