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signing an incomplete agreement and later finalizing the outcome of the negotiation. Negotiating in stages increases the … efficiency of the negotiation, despite the fact that the players’ preferences are distorted by the focusing effect also when …
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The Coase theorem posits: If [1] property rights are perfect, [2] contracts are enforceable, [3] preferences are common knowledge, and [4] transaction costs are zero, then the initial alloca-tion of property rights only matters for distribution, not for efficiency. In this paper we claim that...
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recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the … equilibrium predictions. The main deviations from theory are: a) Subjects under-exploit their bargaining power by being more … asymmetries have on bargaining power, especially when the asymmetries relate to recognition probabilities. …
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propose a privacy-preserving mechanism based on a single-offer bargaining made by the dependent player that leverages the …
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We propose a bargaining process supergame over the strategies to play in a non-cooperative game. The agreement reached … by players at the end of the bargaining process is the strategy profile that they will play in the original non … existence, uniqueness, and efficiency of the agreement reachable through this bargaining process. We illustrate the consequences …
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