Download or read book Uncertainty in Implementation and Bargaining written by Sandeep Baliga and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Uncertainty about Uncertainty and Delay in Bargaining written by Yossi Feinberg and published by . This book was released on 2002 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Continuous time Bargaining with Two sided Uncertainty written by and published by . This book was released on 1985 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Prudence in Bargaining written by Lucy White and published by . This book was released on 2006 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Second Order Uncertainty in Accounting Information and Bilateral Bargaining Costs written by Susan F. Haka and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Efficient contracting involves reducing the losses in wealth due to bargaining impasses, time and effort spent in negotiating, delays in implementing profitable projects, and second-best agreements. Properties of accounting systems play a significant role when bargainers haggle over accounting-based payoffs. This paper shows that bilateral bargaining requires more time and generates more reported subjective disutility when the accounting information used in contracting creates greater uncertainty about payoffs. We develop an argument linking accounting-based common uncertainty to the information asymmetry about bargainers' payoffs that drives bargaining costs. We also distinguish between two kinds of uncertainty: first-order uncertainty or simple risk (uncertainty about outcomes) and second-order uncertainty (uncertainty about probability distributions of outcomes). In an experimental setting, we show that the presence of second-order uncertainty increases bargaining costs, holding first-order uncertainty constant at a moderately high level. We also find that bargainers whose payoffs are affected by second-order uncertainty demand and receive a higher premium than bargainers whose payoffs are affected by simple risk only.
Download or read book Uncertainty and Delay in Bargaining written by In-koo Cho and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Information Uncertainty and Subjective Entitlements in Bargaining written by Emin Karagözoğlu and published by . This book was released on 2010 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred; either by lack of information about the actual performance of collaborators or because of random noise in the production process or both. These variables likely influence the surplus sharing negotiations following the production. By means of a laboratory experiment, we systematically investigate their role for the whole bargaining process from opening offers to (dis)agreements and find that uncertainties in surplus production and (even) a very coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements are also influenced by performance information and the randomness inherent in the production process. These differences in subjective entitlements together with the differences in entitlements between better and worse performers influence the whole bargaining process and significantly contribute to the differences in bargaining outcomes.
Download or read book Bargaining with Incomplete Information written by Peter C. Cramton and published by . This book was released on 1983 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Uncertainty Bargaining Power and Bargaining Solutions written by Gordon Klein and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We compare the traditional model for structurally estimating bargaining power solutions assuming certainty on the disagreement payoffs against a model assuming evenly distributed bargaining power and uncertainty on disagreement profits. We find substantial differences in the distribution of the rent resulted from each of these models and it was hinted how the assumptions may have a role on the identification of the rent's distribution.
Download or read book Bargaining Under Pure Uncertainty written by University of Guelph. Department of Economics and published by . This book was released on 1991 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bargaining in the Shadow of Uncertainty written by Marina Agranov and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We experimentally study unanimity and majority voting rules in multilateral bargaining environments with stochastic future surplus. In these settings, reaching agreement when expected future surplus is sufficiently higher than the current surplus is inefficient. Theoretically, such inefficiencies never arise under unanimity rule but can arise under majority rule as players try to avoid endogenous risk of being excluded from the winning coalitions in the future. We find strong support for this prediction both when the unanimity rule is predicted to lead to more delays, and when both rules should lead to identical levels of delays. We also find that there are more delays than predicted under the majority rule. Using data from conversations among the bargainers and the type of proposals that are implemented, we find that these deviations arise as a result of more egalitarian sharing than predicted by theory, and therefore, lower risk of being excluded from the winning coalitions in the future.
Download or read book Bargaining with Incomplete Information written by Peter C. Cramton and published by . This book was released on 1983 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Uncertainty and Bargaining written by Gordon Klein and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a structural econometric model to analyze the influence of uncertain disagreement outcomes on the settlement of new agreements between parties with uneven bargaining power. By including the the findings of theoretical literature on the requirements to reach agreements under uncertain disagreement conditions, and using an asymmetric Nash bargaining framework, our proposal is able to estimate not only the bargaining solutions but also the bargainers' uncertainties and determine whether a new compromise could be reach under such uncertainty or not.
Download or read book Feasible Sets Comparative Risk Aversion and Comparative Uncertainty Aversion in Bargaining written by Bram Driesen and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We study feasible sets of the bargaining problem under two different assumptions the players are subjective expected utility maximizers or the players are Choquet expected utility maximizers. For the latter case, we consider the effects on bargaining solutions when players become more risk averse and when they become more uncertainty averse.
Download or read book Modelling Negotiated Decision Making written by Alessandra Sgobbi and published by . This book was released on 2012 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relevance of bargaining to everyday life can easily be ascertained, yet the study of any bargaining process is extremely hard, involving a multiplicity of questions and complex issues. The objective of this paper is to provide new insights on some dimensions of the bargaining process - asymmetries and uncertainties in particular - by using a non-cooperative game theory approach. We develop a computational model which simulates the process of negotiation among more than two players, who bargain over the sharing of more than one pie. Through numerically simulating several multiple issues negotiation games among multiple players, we identify the main features of players' optimal strategies and equilibrium agreements. As in most economic situations, uncertainty crucially affects also bargaining processes. Therefore, in our analysis, we introduce uncertainty over the size of the pies to be shared and assess the impacts on players' strategic behaviour. Our results confirm that uncertainty crucially affects players' behaviour and modifies the likelihood of a self-enforcing agreement to emerge. The model proposed here can have several applications, in particular in the field of natural resource management, where conflicts over how to share a resource of a finite size are increasing.
Download or read book But What s in it for Me written by Stephen Robert Haptonstahl and published by . This book was released on 2009 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dynamics of International Negotiation written by Bertram I. Spector and published by Taylor & Francis. This book was released on 2022-09-16 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the dynamics of international negotiations from the perspectives of researchers and practical negotiators. Reinforcing the idea that the study of negotiation is not merely an academic endeavor, the essays reflect the author’s lifetime experiences as a negotiation researcher and provider of analytical support to international negotiation teams. Addressing a wide range of critical issues, such as creativity and experimentation, psychological dynamics, avoiding incomplete agreements, engineering the negotiation context, reframing negotiations for development conflicts, understanding what matters when implementing agreements, utilizing decision support systems, engaging new actors, and expanding core values, each chapter opens new doors on our conceptual and practical understanding of international negotiations. The author introduces new ways of understanding and explaining the negotiation process from different intellectual perspectives. The goal of this book is to resolve many critical unanswered questions by stimulating new research on these dynamics and developing new approaches that can help negotiation practitioners be more effective. The book will be used in university courses on international negotiation and conflict resolution, and provide a useful resource for researchers, policymakers, practitioners, NGOs, donor organizations, and grant-giving organizations.
