Swope, Kurtis J.; Cadigan, John; Schmitt, Pamela - In: Journal of Behavioral and Experimental Economics … 49 (2014) C, pp. 44-53
We examine laboratory bargaining experiments with symmetric and asymmetric delay costs and options for proposers to credibly commit to a bargaining position. Contrary to standard game-theoretic predictions, our experimental results suggest that commitment can be used effectively to increase the...