Informational Disadvantage and Bargaining Power

Sung-Hyuk Ko and Byoung Jun ()
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Sung-Hyuk Ko: ETRI

No 711, Discussion Paper Series from Institute of Economic Research, Korea University

Abstract: We consider an alternating offer model where the size of the total surplus is stochastic. Furthermore, the size changes during the time when the offer is being considered. As a result the responder may obtain more information than the proposer. We analyze how the asymmetry in ability to access good information affects the bargaining power, both in terms of the resulting share and in terms of the delay in agreement.

Keywords: alternating offer bargaining; stochastic surplus; informational disadvantage (search for similar items in EconPapers)
Date: 2007
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