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Bargaining under uncertainty is modeled by the assumption that thereare several possible states of nature, each of …
Persistent link: https://www.econbiz.de/10005869345
A new feature pertaining to proposer's ability to implement offers is introduced in the extensive form bargaining … Bargaining Solution. For strictly supermodular games, Core is a binding constraint on Nash Bargaining Solution while for the …
Persistent link: https://www.econbiz.de/10012963352
Experiments evaluate the fit of human behaviour to the Shapley-Shubik power index (SSPI), a formula of voter power. Groups of six subjects with differing votes divide a fixed purse by majority rule in online chat rooms. Earnings proxy for measured power. Chat rooms and processes for selecting...
Persistent link: https://www.econbiz.de/10009789971
We report results from a laboratory experiment on strategic bargaining with indivisibilities studying the role of … have on bargaining power and identify how subjects' observed behavior systematically deviates from theoretical predictions …' heuristic which equates bargaining power with recognition probabilities to explain these findings …
Persistent link: https://www.econbiz.de/10012937237
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
To analyze players' strategic alliance behavior, we introduce a new noncooperative coalitional bargaining model, in … transferable utility game, or a veto player in a simple game, in preventing efficient outcomes and we show that delay in bargaining … generically occurs. In an application to legislative bargaining with vote buying, if a veto player and a non-veto player coexist …
Persistent link: https://www.econbiz.de/10012922042
experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is … independent of the balance of power. If bargaining involves endogenous demand choices, however, the likelihood of conflict is … higher if power is more imbalanced. Even though endogenous bargaining outcomes reflect the players' unequal fighting …
Persistent link: https://www.econbiz.de/10011576771
experiment compares one-shot and indefinite horizon versions of random-proposer majority bargaining (the Baron-Ferejohn game … and bargaining games from three seminal social preference experiments. …
Persistent link: https://www.econbiz.de/10011762571
This paper studies a finite horizon version of Baron and Ferejohn's (1989) majoritarian bargaining with incomplete … information. Our devised model essentially blends Spence's signaling and the coalition formation of majoritarian bargaining. The …) and the "coalition" concern in majoritarian bargaining (the higher the type, the lower the probability of being a member …
Persistent link: https://www.econbiz.de/10014061378
This note uncovers new properties of the von Neumann-Morgenstern solution in weak tournaments and majoritarian games. We propose a new procedure for the construction of choice sets from weak tournaments, based on dynamic stability criteria. The idea is to analyze dynamic versions of the...
Persistent link: https://www.econbiz.de/10010333024