Relative Concerns and Delays in Bargaining with Private Information
(2013)
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- Abstract
- We consider Rubinstein’s two-person alternating-oer bargaining model with two-sided incomplete information. We investigate the eects of one party having relative concerns on the bargaining outcome and the delay in reaching an agreement. We find that facing an opponent having stronger relative concerns only hurts the bargainer when she is stronger than her opponent. In addition, we show that an increase of one party’s relative concerns will decrease the maximum delay in reaching an agreement.
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Citations
Mauleon, A., & Vannetelbosch, V. (2013). Relative Concerns and Delays in Bargaining with Private Information (Cahier du CEREC 2013/4). https://hdl.handle.net/2078.5/205093