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bargaining model of price formation with asymmetric information. Under natural assumptions on type distributions, and for any …
Persistent link: https://www.econbiz.de/10011673489
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
We consider ultimatum bargaining over the provision of a public good. Offer-maker and responder can delegate their …
Persistent link: https://www.econbiz.de/10013332120
In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller. Asymmetric information is the starting point of many models for the housing market. In this paper, we estimate the causal effect of list-price reductions to test for the...
Persistent link: https://www.econbiz.de/10011380153
I study a situation where two players disagree on the division of a good. In the first of two stages, the players can divide the good peacefully between them by signing a contract. If either or both players reject the contract, they must engage in a costly contest over the good. One of the...
Persistent link: https://www.econbiz.de/10010337007
incomplete information (both sides believing they can "win," when one – and possibly both – must "lose"). Reasons for conflict … article then draws out six implications for those interested in conflict management and conflict mitigation and comments, for …
Persistent link: https://www.econbiz.de/10010941228
Two individuals are involved in a conflict situation in which preferences are ex ante uncertain. While they eventually …
Persistent link: https://www.econbiz.de/10011582517
that sidesteps the inefficient waste of resources resulting from conflict? We study this question for a multi …
Persistent link: https://www.econbiz.de/10005391111
incomplete information (both sides believing they can "win," when one – and possibly both – must "lose"). Reasons for conflict … article then draws out six implications for those interested in conflict management and conflict mitigation and comments, for …
Persistent link: https://www.econbiz.de/10005700208
We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially … a sequence of bad actions originated. Assuming that both sides are not extremists, spirals of distrust and conflict get … this mechanism can be useful in interpreting cycles of ethnic conflict and international war, and how it also emerges in …
Persistent link: https://www.econbiz.de/10009573260