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Games 2013, 4(3), 329-338; doi:10.3390/g4030329

Relative Concerns and Delays in Bargaining with Private Information

1
CORE, University of Louvain, 34 Voie du Roman Pays, 1348 Louvain-la-Neuve, Belgium
2
CEREC, Saint-Louis University, 43 Boulevard du Jardin Botanique, 1000 Brussels, Belgium
*
Author to whom correspondence should be addressed.
Received: 28 March 2013 / Revised: 27 May 2013 / Accepted: 13 June 2013 / Published: 27 June 2013
View Full-Text   |   Download PDF [341 KB, uploaded 27 June 2013]

Abstract

We consider Rubinstein’s two-person alternating-offer bargaining model with two-sided incomplete information. We investigate the effects of one party having relative concerns about the bargaining outcome and the delay in reaching an agreement. We find that facing an opponent with 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. View Full-Text
Keywords: relative concerns; alternating-offer bargaining; private information; maximal delays relative concerns; alternating-offer bargaining; private information; maximal delays
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

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MDPI and ACS Style

Mauleon, A.; Vannetelbosch, V. Relative Concerns and Delays in Bargaining with Private Information. Games 2013, 4, 329-338.

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