potential. Applications include international conflict, litigation, and elections. Even though only a peaceful agreement avoids … a loss of resources, if this loss is small enough, then any contract must assign a positive probability of conflict. We … show how the likelihood of conflict outbreak depends on the distribution of power between the agents and their information …

commitment of donors must not be in doubt. For these conditions to be in place, conflict resolution must be in donors' interests …

power. When parties are risk-averse, a self-enforcing peace agreement may not be feasible. The bargaining power of the …

Strikes, just as other types of conflict, used to be difficult to explain from an economic perspective. Initially, it …

demonstrating that reference dependent shifts in risk attitude are essential to a descriptive theory of bargaining …

Litigation seems to be a Pareto-ineffcient outcome of pretrial bargaining; however, this paper shows that litigation …. Even if the plaintiff could obtain a higher payoff from bargaining than from litigation-without-bargaining, bargaining may …

. The bargaining behavior resembles the Ultimatum game to the extent that proposers request a fixed price for a shared ride … positions of the bargaining parties are hardly symmetric and the formation of the full group is not guaranteed. Using a simple … offer is made right before the train departure. -- Natural field experiment ; bargaining ; focal point ; equal split ; agent …