ON THE EVOLUTIONARY STABILITY OF "TOUGH" BARGAINING BEHAVIOR
Anders Poulsen ()
International Game Theory Review (IGTR), 2003, vol. 05, issue 01, 63-71
Abstract:
This paper investigates whether "tough" bargaining behavior, which gives rise to inefficiency, can be evolutionarily stable. We show that in a two-stage Nash Demand Game such behavior survives. Indeed, almost all the surplus may be wasted. We also study the Ultimatum Game. Here evolutionary selection wipes out all tough behavior, as long as the Proposer does not directly observe the Responder's commitment to rejecting low offers.
Keywords: Bargaining; commitment; efficiency; evolutionary stability; JEL Classification C72; JEL Classification C78 (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (1)
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Persistent link: https://EconPapers.repec.org/RePEc:wsi:igtrxx:v:05:y:2003:i:01:n:s0219198903000891
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DOI: 10.1142/S0219198903000891
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