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. 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 …
Persistent link: https://www.econbiz.de/10008511729
We study the framing effects of communication in multiparty bargaining. Communication has been shown to be more … truthful and revealing than predicted in equilibrium. Because talk is preference-revealing, it may effectively frame bargaining …
Persistent link: https://www.econbiz.de/10008549316
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …
Persistent link: https://www.econbiz.de/10005408220
Several bargaining solutions could fail to capture advantage from having sets closer to the same utopia point. If the … same point. We called this phenomena the stagnation effect. In order to reflect the idea that if the bargaining set is …
Persistent link: https://www.econbiz.de/10010772986
effect, which takes place when a bargaining solution remains unchanged facing all possible expansions of the bargaining set … not affecting the utopia point. Our main result relies on a very weak axiom, stagnation proofness. Whenever a bargaining …
Persistent link: https://www.econbiz.de/10010773001
We consider Coasian bargaining problems where the buyer has an outside option arriving at a stochastic time. We study … available, and the standard Coasian bargaining literature, where the buyer has no outside option. …
Persistent link: https://www.econbiz.de/10010822897
A unique bargaining solution satisfies restricted monotonicity, independence of irrelevant alternatives, independence … of equivalent utility representations, and symmetry—the disagreement solution. It is also the unique bargaining solution …
Persistent link: https://www.econbiz.de/10011041693
Although many real bargaining situations involve more than one person on each side of the bargaining table, much of the … theoretical and experimental research concentrates on two single players. We study a simple extension: bilateral bargaining of …
Persistent link: https://www.econbiz.de/10011116853
We compare bargaining solutions in terms of the relevance of alternatives. We show that most well-known bargaining … solutions do not use all the alternatives, but there are numerous bargaining solutions that do. We introduce a new class of … bargaining solutions called ``average alternative solutions'', characterize them, and show that the Nash solution and the Kalai …
Persistent link: https://www.econbiz.de/10005518287
strategic tool in an external conflict. Within a two-country three-stage game, we show that, in general, domestic policies will …
Persistent link: https://www.econbiz.de/10005435826