An Experimental Test Of A Bargaining Model
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An Experimental Test Of A Bargaining Model
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Author : Donald Lee Harnett
language : en
Publisher:
Release Date :
An Experimental Test Of A Bargaining Model written by Donald Lee Harnett and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with Monopolies categories.
An Experimental Test Of Rubinstein S Theory Of Bargaining
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Author : Janet Currie Neelin
language : en
Publisher:
Release Date : 1986
An Experimental Test Of Rubinstein S Theory Of Bargaining written by Janet Currie Neelin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Collective bargaining categories.
Descriptive Theories Of Bargaining
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Author : Gerald R. Uhlich
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Descriptive Theories Of Bargaining written by Gerald R. Uhlich and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The aim of this book is the presentation of two new descriptive theories for experimental bargaining games and a comparison with other descriptive and normative theories. To obtain data it was necessary to develop two sets of computer programs for computer controlled ex periments. Moreover, data obtained by other researchers, which are available to us will be included in this study. The use of laboratory experiments in economics was introduced by THURSTONE [1931] in the field of utility theory. CHAMBERLIN [1948] was the first person to establish an expe rimental market for the purpose of testing a theory. The first experiment on characteristic function games was done by KALISH, MILNOR, NASH, and NERING [1954]. Today the use of experiments in controlled laboratory settings has become widespread. Earlier, economists went into the field to observe phenomena as the behavior of individuals, corporations and nations in action, then they formulated theories to explain what they saw. But unlike natural scientists, economists have not been able to test their theories under controlled conditions. Now experimental economists are able to replicate their results. Replication is very proble matic for field studies, because rarely the same conditions can be established again. Moreover, experimenters are able to test theories for situations described by simplified models which are not observable in the real world.
The Dark Side Of The Future
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Author : Dustin Tingley
language : en
Publisher:
Release Date : 2010
The Dark Side Of The Future written by Dustin Tingley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
While most existing theoretical and experimental literatures focus on how a high probability of repeated play can lead to more socially efficient outcomes (for instance, using the result that cooperation is possible in a repeated prisoner's dilemma), this paper focuses on the detrimental effects of repeated play, the "Dark Side of the Future". I study a resource division model with repeated interaction and changes in bargaining strength. The model predicts a negative relationship between the likelihood of repeated interaction and social efficiency. This is because the longer shadow of the future exacerbates commitment problems created by changes in bargaining strength. I test and find support for the model using incentivized laboratory experiments. Increases in the likelihood of repeated play leads to more socially inefficient outcomes in the laboratory.
Do Buyer Size Discounts Depend On The Curvature Of The Surplus Function Experimental Tests Of Bargaining Models
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Author : Hans-Theo Normann
language : en
Publisher:
Release Date : 2006
Do Buyer Size Discounts Depend On The Curvature Of The Surplus Function Experimental Tests Of Bargaining Models written by Hans-Theo Normann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
A number of recent theoretical papers have shown that for buyer-size discounts to emerge in a bargaining model, the total surplus function over which parties bargain must have certain nonlinearities. We test the theory in an experimental setting in which a seller bargains with a number of buyers of different sizes. Nonlinearities in the surplus function are generated by varying the shape of the seller's cost function. Consistent with the theory, we find that quantity discounts emerge only in the case of increasing marginal cost, corresponding to a concave surplus function. We provide additional structural estimates to help identify the source of remaining discrepancies between experimental behavior and theoretical predictions (whether due to preferences for fairness or other factors such as computation errors).
Bargaining And Market Behavior
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Author : Vernon L. Smith
language : en
Publisher: Cambridge University Press
Release Date : 2000-06-12
Bargaining And Market Behavior written by Vernon L. Smith and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-06-12 with Business & Economics categories.
This second collection of papers by Vernon L. Smith, a creator of the field of experimental economics, includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology, particularly the field of evolutionary psychology, using the latter to broaden the perspective in which experimental results are interpreted. Specific themes investigated include rational choice, the notion of fairness, game theory and extensive form experimental interactions, institutions and market behavior, and the study of laboratory stock markets.
A Simple Experimental Test Of The Coase Conjecture
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Author : Jack Fanning
language : en
Publisher:
Release Date : 2019
A Simple Experimental Test Of The Coase Conjecture written by Jack Fanning and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
We conduct a novel experimental test of the Coase conjecture using subjects' private information about preferences for fairness. In an infinite horizon bargaining game, a proposer proposes a division of chips, until a responder accepts. Given private information about fairness preferences and patient players, the Coase conjecture predicts almost immediate agreement on equal payoffs. We test this for two different chip-to-money exchange rates, and compare outcomes to ultimatum games. Behavior closely matches theory. In particular, when chips are worth more to proposers than responders, initial offers, minimum acceptable offers, responder payoffs and efficiency are significantly larger in the infinite horizon.
Bargaining And Group Decision Making
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Author : Sidney Siegel
language : en
Publisher:
Release Date : 1960
Bargaining And Group Decision Making written by Sidney Siegel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1960 with Exchange categories.
Bargaining And Time Preferences
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Author : Jeongbin Kim
language : en
Publisher:
Release Date : 2020
Bargaining And Time Preferences written by Jeongbin Kim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
We generalize the Rubinstein (1982) bargaining model by disentangling payoff delay from bargaining delay. We show that our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium. Using a novel experimental design to control for various confounds, we then test comparative statics predictions with respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is negligible and dynamic consistency holds by design, while payoff delay per disagreement round is significant and randomized transparently at the individual level (week/month, with/without front-end delay). In contrast to prior experiments, we obtain strong behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions of different forms of discounting, we strongly reject exponential discounting in favor of present-biased discounting.
The Coase Theorem
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Author : Elizabeth Hoffman
language : en
Publisher:
Release Date : 1981
The Coase Theorem written by Elizabeth Hoffman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Negotiation categories.