Information collection in bargaining

Ming Li

MPRA Paper from University Library of Munich, Germany

Abstract: I analyze a bilateral bargaining model with one-sided uncertainty about time preferences. The uninformed player has the option of halting the bargaining process to obtain additional information, when it is his turn to offer. For a wide class of preference settings, the uninformed player does not collect information when he is quite sure about his opponent’s type. There exist preference settings in which the uninformed player collects information until he is sufficiently sure about his opponent’s type, as long as the information source is accurate enough. With additional assumptions, the uninformed player is more likely to draw signals and is better off, if the information is more accurate.

Keywords: bargaining; alternate offers; incomplete information; delay (search for similar items in EconPapers)
JEL-codes: C78 D82 (search for similar items in EconPapers)
Date: 2002-09, Revised 2007-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Information collection in bargaining (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11108

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