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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
References: View references in EconPapers View complete reference list from CitEc
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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