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This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism (called automated negotiation) used to resolve disputes arising from Internetbased transactions. Automated negotiation is an online sealed-bid process in which an automated...
Persistent link: https://www.econbiz.de/10012709741
Arbitration, as an alternative to litigation for contract disputes, reduces costs and time. While it has frequently been thought of as a substitute to pretrial bargaining and litigation, in fact, parties may be able to reach a settlement privately while engaged in the arbitration process....
Persistent link: https://www.econbiz.de/10014157602
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism (called automated negotiation) used to resolve disputes arising from Internet-based transactions. Automated negotiation is an online sealed-bid process in which an automated...
Persistent link: https://www.econbiz.de/10005112727
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism (called automated negotiation) used to resolve disputes arising from Internet-based transactions. Automated negotiation is an online sealed-bid process in which an automated...
Persistent link: https://www.econbiz.de/10005408220
This paper presents an experiment performed to test the properties of an innovative bargaining mechanism (called automated negotiation) used to resolve disputes arising from Internet-based transactions. The main result shows that the settlement rule tends to chill bargaining as it creates...
Persistent link: https://www.econbiz.de/10014027206
We study the alternating-offers bargaining problem of assigning an indivisible and commonly valued object to one of two players in return for some payment among players. The players are asymmetrically informed about the object's value and have veto power over any settlement. There is no...
Persistent link: https://www.econbiz.de/10010373492
We study the alternating-offer bargaining problem of sharing a common value pie under incomplete information on both sides and no depreciation between two identical players. We characterise the essentially unique perfect Bayesian equilibrium of this game which turns out to be in gradually...
Persistent link: https://www.econbiz.de/10010373493
I develop an infinite-horizon alternating-offers model of multilateral negotiations, a common means of exchange whose … strategic complexity has hindered previous modeling efforts. Multilateral negotiations occur in numerous settings in which one …'s choice of conducting procurement via multilateral negotiations or auctions is affected by factors including the number of …
Persistent link: https://www.econbiz.de/10013096643
protocol or a conflict to appropriate the surplus. In the cooperative negotiations, disagreement corresponds to a pro rata …
Persistent link: https://www.econbiz.de/10008747115
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out their communication links with upfront transfers....
Persistent link: https://www.econbiz.de/10011279698