Learning from strikes
AbstractThis paper reports on an experimental study of the influence of asymmetric information and information spillovers on bargaining outcomes. It develops and tests Kuhn and Gu (1999) s model of learning in sequential wage negotiations, by means of two Ultimatum Bargaining Games with uncertainty on the proposer s side. Evidence shows that Dunlop s assertion of inflationary wage claims does not hold systematically and strike incidence is lowered by information spillovers, since claims are revised according to the previous bargaining outcomes. However, in the presence of fairness concerns, the ability to observe outcomes but not the bargaining process does not entail a reduction in information asymmetry sufficient to guarantee Pareto improving bargaining outcomes. Ce papier prÃ©sente une Ã©tude expÃ©rimentale sur l'influence des asymÃ©tries d'information et de la diffusion de l'information entre firmes sur l'issue des nÃ©gociations. Nous proposons un prolongement ainsi qu'un test du modÃ¨le de Kuhn et Gu (1999) concernant l'apprentissage dans des nÃ©gociations sÃ©quentielles. Nous utilisons pour cela deux jeux d'ultimatum avec incertitude du cotÃ© du proposant. Les rÃ©sultats expÃ©rimentaux montrent que l'hypothÃ¨se de Dunlop d'un biais inflationniste systÃ©matique des revendications salariales n'est jamais vÃ©rifiÃ©e et que conformÃ©ment aux prÃ©dictions de Kuhn et Gu, la probabilitÃ© d'apparition d'une grÃ¨ve diminue en prÃ©sence de diffusion de l'information. En effet, une rÃ©vision des demandes en fonction du rÃ©sultat des nÃ©gociations passÃ©es est observÃ©e dans les donnÃ©es expÃ©rimentales. Pourtant, observer seulement le rÃ©sultat des nÃ©gociations passÃ©es et non le processus de nÃ©gociation ne suffit Ã garantir une augmentation Pareto optimale des gains des joueurs. Les prÃ©occupations d'Ã©quitÃ© entravent les effets bÃ©nÃ©fiques de la diffusion de l'information entre firmes.
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Bibliographic InfoArticle provided by Elsevier in its journal Labour Economics.
Volume (Year): 11 (2004)
Issue (Month): 2 (April)
Contact details of provider:
Web page: http://www.elsevier.com/locate/labeco
Other versions of this item:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
- J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation
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