Showing 111 - 120 of 52,200
We consider bilateral non-cooperative bargaining on the division of a surplus. Compared to the canonical bargaining … game in the tradition of Rubinstein, we introduce additional sources of friction into the bargaining process … month, quarter, or year. Bargaining rounds are of non-trivial length, so that counter-others may be made without triggering …
Persistent link: https://www.econbiz.de/10012894805
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
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
Negotiation involves determining not only an agreement's price, but also its content, which typically has many aspects. We model such negotiations and provide conditions under which negotiation leads to efficient outcomes, even in the face of substantial asymmetric information regarding the...
Persistent link: https://www.econbiz.de/10013005057
We conduct multi-person one-shot ultimatum games that reflect important aspects of collective bargaining. In all …
Persistent link: https://www.econbiz.de/10013011168
threat) and that he will leave the bargaining table unless his demand is accepted (exit threat). This paper investigates the … for one of the players has two main effects: (1) it renders the deal unique and efficient, and (2) shifts the bargaining …
Persistent link: https://www.econbiz.de/10013014127
We develop a theory of negotiation in which deals have multiple dimensions that can be bundled together. We use theory and experiments to show that in such settings efficient trade is possible even with substantial asymmetric information. The benefits of identifying areas of mutual gain guide...
Persistent link: https://www.econbiz.de/10012852563
I provide a sufficient condition for the uniqueness of equilibrium payoffs in a model of stochastic bargaining with …
Persistent link: https://www.econbiz.de/10012858936
In bargaining theory a usual assumption is either that of von Neumann-Morgenstern utility functions or that of … continuous preferences. Recently we considered in Glycopantis a bargaining model which breaks away from this traditional … treatment by employing lexicographic preferences of a antagonistic type. In the present note we consider a bargaining model with …
Persistent link: https://www.econbiz.de/10012861824
To analyze players' strategic alliance behavior, we introduce a new noncooperative coalitional bargaining model, in … transferable utility game, or a veto player in a simple game, in preventing efficient outcomes and we show that delay in bargaining … generically occurs. In an application to legislative bargaining with vote buying, if a veto player and a non-veto player coexist …
Persistent link: https://www.econbiz.de/10012922042