Overconfidence in the art market: a bargaining pricing model with asymmetric disinformation

a study on insurer solvency by panel data model: the case of iranian insurance market

the aim of this thesis is an approach for assessing insurer’s solvency for iranian insurance companies. we use of economic data with both time series and cross-sectional variation, thus by using the panel data model will survey the insurer solvency.

The Market for Overconfidence

Equilibrium Partner Switching in a Bargaining Model with Asymmetric Information

We study a model in which the seller of an indivisible object faces two potential buyers and makes an offer to either of them in each period. We find that the seller’s ability to extract surplus from them depends crucially on the value of the cost of switching from one buyer to the next. If the seller is pessimistic about the buyers’ valuations and there is a switching cost, however small, then...

A Test for Overconfidence with Market Data

Overconfidence refers to the exaggerated beliefs that one might have about his own personal abilities. This phenomenon seems to be pervasive and it could help explaining several economic paradoxes. Still the profession has failed to produce conclusive evidence about overconfident behavior using market data. Most of the evidence that shows that people are overconfident comes from either psycholo...

Bargaining Order and Delays in Multilateral Bargaining with Asymmetric Sellers

In a multilateral bargaining problem with one buyer and two heterogeneous sellers owning perfectly complementary units, we find that there exists an equilibrium which leads to inefficient delays when the buyer negotiates with the higher-valuation seller first and where players are extremely impatient. We also find that the buyer prefers to negotiate with the lower-valuation seller first, except...