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There has been a long debate on equilibrium characterization in the negotiation model when players have different time … bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …
Persistent link: https://www.econbiz.de/10011348702
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …
Persistent link: https://www.econbiz.de/10011372980
There has been a long debate on equilibrium characterization in the negotiation model when players have different time … bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …
Persistent link: https://www.econbiz.de/10010325330
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …
Persistent link: https://www.econbiz.de/10010325535
There has been a long debate on equilibrium characterization in the negotiation model when players have different time … bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …
Persistent link: https://www.econbiz.de/10005144464
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …
Persistent link: https://www.econbiz.de/10005137155
The players behave quite differently in the negotiation model under different time preferences than under common time … above by the bargaining frontier resulted from stationary contracts. When players have different time preferences, however …, intertemporal trade may lead to continuation payoffs above the bargaining frontier. In this paper, we provide a thorough study of …
Persistent link: https://www.econbiz.de/10005595914
We study a negotiation model with a disagreement game between offers and counteroffers. When players have different … characterized by a minmax problem involving efficient equilibrium payoffs that are above the bargaining frontier, which is possible …
Persistent link: https://www.econbiz.de/10011049845
There has been a long debate on equilibrium characterization in the negotiation model when players have different time … bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …
Persistent link: https://www.econbiz.de/10011257339
model of bargaining. With or without time preferences, the stochastic stable convention yields a generalized version of the … Nash (Econometrica 18:155–162, 1950) Bargaining Solution. When time preferences are added to the model, agents’ discount … bargaining weight within the Nash Bargaining Solution. By taking appropriate limits, an evolutionary foundation for the …
Persistent link: https://www.econbiz.de/10014198621