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We consider a multilateral bargaining game in which the agents can be classified into two groups according to their …
Persistent link: https://www.econbiz.de/10011515611
This paper analyzes dynamically inconsistent time preferences in Rubinstein's (1982) seminal model of bargaining. When … exogenous breakdown risk, as well as in settings of intergenerational bargaining with imperfect altruism. The paper's main …
Persistent link: https://www.econbiz.de/10010399277
I revisit the Rubinstein (1982) model for the classic problem of price hag- gling and show that bargaining can become a … of fixed bargaining costs). Augmenting the protocol with unilateral exit options for responding bargainers generally …
Persistent link: https://www.econbiz.de/10013191479
We generalize the Rubinstein (1982) bargaining model by disentangling payoff delay from bargaining delay. We show that … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is …
Persistent link: https://www.econbiz.de/10013314964
We generalize the Rubinstein (1982) bargaining model by disentangling payoff delay from bargaining delay. We show that … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is …
Persistent link: https://www.econbiz.de/10012312122
We generalize the Rubinstein (1982) bargaining model by disentangling payoff delay from bargaining delay. We show that … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is …
Persistent link: https://www.econbiz.de/10012266524
We provide causal evidence that patience is a significant source of bargaining power. Generalizing the Rubinstein (1982 …) bargaining model to arbitrarily non-stationary discounting, we first show that dynamic consistency across bargaining rounds is … bargaining delay is negligible (frequent offers, so dynamic consistency holds by design), while payoff delay is significant (a …
Persistent link: https://www.econbiz.de/10014279476
The paper studies bargaining games involving players with present-biased preferences. The paper shows that the relative … timing of bargaining rewards and bargaining costs will determine whether the players' present-bias will affect bargaining … outcomes. In cases where players agree to a bargain in period 1 and experience all bargaining payoffs in period 2, the players …
Persistent link: https://www.econbiz.de/10014422534
I revisit the Rubinstein (1982) model for the classic problem of price haggling and show that bargaining can become a … of fixed bargaining costs). Augmenting the protocol with unilateral exit options for responding bargainers generally …
Persistent link: https://www.econbiz.de/10013358929
We analyze a bargaining model where there is a long-term relationship between a seller and a buyer and there is … bargaining over a sequence of surpluses that arrives at fixed points in time. Markov Perfect Equilibria are analyzed and …
Persistent link: https://www.econbiz.de/10009760481