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-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is … are lower than under Bargaining when one player is much stronger than the other. Second, the probability of the stronger … player winning in Conflict is higher than the share received under Nash bargaining. We thus provide a rationale for conflict …
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A buyer with private information regarding marginal valuation bargains with a seller to determine price and quantity of trade. Depending on parameter values, a high-valuation buyer wants either to reveal information to create value or to conceal it to capture value. In the first case,...
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We modify the Acquiring-a-Company game to study lying in ultimatum bargaining. Privately informed sellers send messages …
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