Bargaining with random implementation: An experimental study
Nejat Anbarci () and
Nick Feltovich
Games and Economic Behavior, 2012, vol. 76, issue 2, 495-514
Abstract:
We use a laboratory experiment to study bargaining with random implementation. We modify the standard Nash demand game so that incompatible demands do not necessarily lead to the disagreement outcome. Rather, with exogenous probability q, one bargainer receives his/her demand, with the other getting the remainder. We use an asymmetric bargaining set (favouring one bargainer) and disagreement payoffs of zero, and we vary q over several values.
Keywords: Nash demand game; Random implementation; Chilling effect; Equilibrium selection; Arbitration; Experiment (search for similar items in EconPapers)
JEL-codes: C72 C78 D74 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (6)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:76:y:2012:i:2:p:495-514
DOI: 10.1016/j.geb.2012.07.007
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