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We introduce aggregate uncertainty into a Rubinstein and Wolinsky (1985)-type dynamic matching and bilateral bargaining …
Persistent link: https://www.econbiz.de/10012898727
offers, or both, prior to bargaining negotiations. We show that the timing of commitment attempts influences the goal of the …
Persistent link: https://www.econbiz.de/10012898894
We consider an intertemporal game-theoretic framework in which different coalitions interact repeatedly over time. Both the terms of trade and the endogenous cooperation structure arising in this setup are characterized, in a protocol-free manner, when just three natural conditions are...
Persistent link: https://www.econbiz.de/10012936985
One feature of legislative bargaining in naturally occurring settings is that the distribution of seats or voting … weights often does not accurately reflect bargaining power. Game-theoretic predictions about payoffs and coalition formation …
Persistent link: https://www.econbiz.de/10012822445
I study the role of privacy in bargaining. A seller makes offers every instant, without commitment, to a privately …. Entrants either observe the offers (public bargaining) or only observe the bargaining delay but not the offers (private … bargaining). When buyers' values are independent and private, making the negotiation private typically benefits the seller …
Persistent link: https://www.econbiz.de/10012866596
bargaining entrée (only members of the winning dispositional coalition bargain over policy), (4) competitive offers (potentially …
Persistent link: https://www.econbiz.de/10012869321
This paper studies Myerson's neutral bargaining solution for a class of Bayesian bargaining problems in which the … foundation of the neutral bargaining solution by characterizing the solution as a unique coherent equilibrium allocation …
Persistent link: https://www.econbiz.de/10012971425
In this study, I examine the alternating-offer bilateral bargaining model with private correlated values. The … limits and show that it is efficient, but the surplus split generally differs from the Nash Bargaining split. I then … construct a double limit that approximates the Nash Bargaining split in the ex-post surplus, but with a delay. Further, I prove …
Persistent link: https://www.econbiz.de/10012973355
This paper examines conditions for stability in bargaining networks. Network formation is endogenized and payoffs are … positive fixed costs per link. It can be shown that for all positive costs link-stable Manea bargaining networks are of degree … autarky levels, the only link stable networks involve bilateral bargaining. The analysis is also extended to Nash stable and …
Persistent link: https://www.econbiz.de/10013002376
The purpose of this paper is to identify learning in games in experimental economic settings, and apply their results to real multilateral trade negotiations, such as the Doha Development Agenda (DDA) in the World Trade Organizations (WTO). This paper argues that the structure of games including...
Persistent link: https://www.econbiz.de/10013003266