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issue by modelling the automated negotiation process as a two-person bargaining game under incomplete information. A first …
Persistent link: https://www.econbiz.de/10005056871
This paper evaluates performance of human subjects and instances of a bidding model that interact in continuous-time double auction experiments. Asks submitted by instances of the seller model ("automated sellers") maximize the seller's expected surplus relative to a heuristic belief function,...
Persistent link: https://www.econbiz.de/10005063604
This paper deals with the effects that intermediation has on strategic behaviour in negotiations. To this end, we use the tools of game theory to analyse how different institutional settings can provide specific strategic incentives and thereby condition the outcome of negotiations. We...
Persistent link: https://www.econbiz.de/10011412055
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bargaining power. Negotiating as a group may also cause more inefficiencies due to bargaining failure, and this may harm also the …
Persistent link: https://www.econbiz.de/10010338972
bargaining model of price formation with asymmetric information. Under natural assumptions on type distributions, and for any …
Persistent link: https://www.econbiz.de/10011673489
additional bargaining power. Negotiating as a group may also cause more inefficiencies due to bargaining failure, and this may …
Persistent link: https://www.econbiz.de/10012053740
agreements. Informational differences provide an appealing explanation for bargaining inefficiencies. This chapter provides an … overview of the theoretical and empirical literature on bargaining with incomplete information.The chapter begins with an … analysis of bargaining within a mechanism design framework. A modern development is provided of the classic result that, given …
Persistent link: https://www.econbiz.de/10014024495