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Persistent link: https://www.econbiz.de/10005809136
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 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/10005112727
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
Persistent link: https://www.econbiz.de/10014502159
Persistent link: https://www.econbiz.de/10011746533
The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting …
Persistent link: https://www.econbiz.de/10011852503
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
buyers and sellers offset the superior bargaining capability of one side or the other. In competitive equilibrium, to a first … of bargaining pace. …
Persistent link: https://www.econbiz.de/10005616550
In a bargaining setting with asymmetrically informed, inequity-averse parties, a fully efficient mechanism (i.e., the …
Persistent link: https://www.econbiz.de/10010572175