Bargaining under Large Risk - An Experimental Analysis -

Werner Guth, Sabine Kröger () and Ernst Maug

Cahiers de recherche from CIRPEE

Abstract: We present an experimental study to learn about behavior in bargaining situations under large risks. In order to implement realistic risks involved in the field, we calibrate the experimental parameters from an environment involving substantial variation in profits, the motion picture industry. The leading example is the production of a movie that may give rise to a sequel, so actors and producers negotiate sequentially. We analyze the data in light of alternative behavioral approaches to understanding bargaining behavior under large risk.

Keywords: Bargaining; Large Risk; Equity; Experiments; Calibration (search for similar items in EconPapers)
JEL-codes: C72 C91 D81 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-cbe and nep-exp
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Related works:
Journal Article: Bargaining under large risk - an experimental analysis (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:lvl:lacicr:0637

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