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. The bargaining behavior resembles the Ultimatum game to the extent that proposers request a fixed price for a shared ride … positions of the bargaining parties are hardly symmetric and the formation of the full group is not guaranteed. Using a simple …
Persistent link: https://www.econbiz.de/10008511729
We study the framing effects of communication in multiparty bargaining. Communication has been shown to be more … truthful and revealing than predicted in equilibrium. Because talk is preference-revealing, it may effectively frame bargaining …
Persistent link: https://www.econbiz.de/10008549316
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
We propose a new bargaining solution, based on the idea - borrowed from Hobbes - that the agreement reached in a …
Persistent link: https://www.econbiz.de/10005750726
In the context of international bargaining, standard models predict that a shift in military power can cause preventive … war because it changes the relative bargaining position between states. We find that shifts in military power are not the … the relative bargaining position changes substantially. …
Persistent link: https://www.econbiz.de/10010617553
We consider Coasian bargaining problems where the buyer has an outside option arriving at a stochastic time. We study … available, and the standard Coasian bargaining literature, where the buyer has no outside option. …
Persistent link: https://www.econbiz.de/10010822897
We consider a situation where groups negotiate over the allocation of a surplus (which is used to fund group specific goods). Each group is composed of agents who have differing valuations for public goods. Members choose a representative to take decisions on their behalf. Specifically,...
Persistent link: https://www.econbiz.de/10008674333
We describe a simple 2-stage mechanism that induces two bargainers to be truthful in reporting their reservation prices in a 1st stage. If these prices criss-cross, the referee reports that they overlap, and the bargainers proceed to make offers in a 2nd stage. The average of the 2nd-stage...
Persistent link: https://www.econbiz.de/10008839490
A unique bargaining solution satisfies restricted monotonicity, independence of irrelevant alternatives, independence … of equivalent utility representations, and symmetry—the disagreement solution. It is also the unique bargaining solution …
Persistent link: https://www.econbiz.de/10011041693
Although many real bargaining situations involve more than one person on each side of the bargaining table, much of the … theoretical and experimental research concentrates on two single players. We study a simple extension: bilateral bargaining of …
Persistent link: https://www.econbiz.de/10011116853