Incomplete Information about Social Preferences Explains Equal Division and Delay in Bargaining
Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement occurs ev...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2012-09-01
|
| Series: | Games |
| Subjects: | |
| Online Access: | http://www.mdpi.com/2073-4336/3/3/119 |