Randomly available outside options in bargaining
نویسندگان
چکیده
منابع مشابه
Bargaining with Outside Options∗
We comment on non-cooperative and cooperate approaches to distributive (divide-the-cake) bargaining. We first review the challenges addressed by the seminal literature on two-person bargaining and threeperson bargaining. We then explore more recent developments on dynamic multi-player bargaining over distributive policies, both over a single decision, and over an infinite sequence of decisions ...
متن کاملBargaining, search, and outside options
This paper studies a two-sided incomplete information bargaining model between a seller and a buyer. The buyer has an outside option, which is modeled as a sequential search process during which he can also choose to return to bargaining at any time. Two cases considered: In Regime I, both agents have symmetric information about the search parameters. We find that, in contrast to bargaining wit...
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This paper studies the effects of the transparency of an outside option in bilateral bargaining. A seller posts prices to screen a buyer over time, and the buyer may receive an outside option at a random time. We consider two information regimes, one in which the arrival of the outside option is public and one in which the arrival is private. The public arrival of the outside option works as a ...
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We introduce a weighted version of the component e¢ cient -value Casajus (2008, Games Econ Behav, forthcoming) for TU games with a coalition structure. This value can be viewed as the outcome of the asymmetric Nash bargaining solution to the playersproblem of distributing their componentsworth where the Shapley payo¤s serve as threat point. We provide characterizations both for exogenous and ...
متن کاملBargaining Power in Repeated Negotiations with Outside Options
For repeated ultimatum bargaining, the Folk Theorem of repeated game theory suggests that there are many equilibria, among them equilibria in which the second mover, say, the buyer, appropriates all the surplus. This paper shows that the presence of outside options in form of alternative trading partners eliminates some of these equilibria by reducing the cope for extracting surplus in repeated...
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ژورنال
عنوان ژورنال: Spanish Economic Review
سال: 2001
ISSN: 1435-5469
DOI: 10.1007/pl00011445