Bargaining with Incomplete Information

Bargaining with Incomplete Information
Author: Peter B. Linhart
Publisher:
Total Pages: 576
Release: 1992
Genre: Negotiation
ISBN:

These 22 contributions to the economic theory of non co-operative bargaining show how incomplete information, small numbers of agents, and the rules governing negotiation interact to cause inefficiency, indeterminacy and delay in bargaining outcomes.

Uncertainty and Bargaining

Uncertainty and Bargaining
Author: Gordon Klein
Publisher:
Total Pages:
Release: 2020
Genre:
ISBN:

This paper proposes a structural econometric model to analyze the influence of uncertain disagreement outcomes on the settlement of new agreements between parties with uneven bargaining power. By including the the findings of theoretical literature on the requirements to reach agreements under uncertain disagreement conditions, and using an asymmetric Nash bargaining framework, our proposal is able to estimate not only the bargaining solutions but also the bargainers' uncertainties and determine whether a new compromise could be reach under such uncertainty or not.