Equity and bargaining power in ultimatum games
نویسندگان
چکیده
منابع مشابه
Quantal Response Equilibria of Ultimatum Bargaining Games
This paper applies quantal response equilibrium (QRE) models (McKelvey and Palfrey, 1995, Games and Economic Behavior) to ultimatum bargaining games. When the strategy space is discrete, as the noise vanishes, the QRE of the normal-form representation converges to a Nash equilibrium in which an equilibrium o er is between 0 and a half of the pie while the QRE of the extensive-form representatio...
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Bargaining Power is one of the important issues in oil trade negotiations. In this paper two effective factors in bargaining power i.e. patient time to deal and outside options of each player have been considered. The necessary relations for exchange of sources in negotiation have been derived.
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Abstract Subgame perfect equilibrium predictions of ultimatum bargaining games correspond poorly to the data gathered from human subjects in laboratory environments. We use experimental data to estimate a static model of agent beliefs. Data from previously reported experiments are compared to the predictions of the optimal decision rule to validate the proposer model. Models in which the probab...
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In this paper, we propose a refinement of the subgame perfect equilibrium concept for infinitely repeated games, selection-consistent perfect equilibrium. This concept reflects the idea that players may not expect future bargaining power to be correlated with bygone actions. The equilibrium payoff set is generated by equilibria with a simple recursive structure. When discounting tends to zero, ...
متن کاملtransfer of bargaining power sources in oil trade games
bargaining power is one of the important issues in oil trade negotiations. in this paper two effective factors in bargaining power i.e. patient time to deal and outside options of each player have been considered. the necessary relations for exchange of sources in negotiation have been derived.
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2016
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2016.07.007