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Preference Structures of Negotiators and Negotiation Outcomes

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  • Rudolf Vetschera

    (University of Vienna)

Abstract

Using a database collected during about 3,000 negotiation experiments, this paper analyzes how specific features of utility functions of negotiators, like attribute weights, monotonicity and convexity of marginal utility functions, are reflected in the outcomes of negotiations. We find that compromise values are to a considerable extent influenced by the utility functions. There are also significant impacts on the likelihood of achieving a compromise, but the model fit is considerably less than for compromise values.

Suggested Citation

  • Rudolf Vetschera, 2006. "Preference Structures of Negotiators and Negotiation Outcomes," Group Decision and Negotiation, Springer, vol. 15(2), pages 111-125, March.
    • Handle: RePEc:spr:grdene:v:15:y:2006:i:2:d:10.1007_s10726-006-9023-0
    DOI: 10.1007/s10726-006-9023-0
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    References listed on IDEAS

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    1. Alice F. Stuhlmacher & Mary Kay Stevenson, 1997. "Using Policy Modeling to Describe the Negotiation Exchange," Group Decision and Negotiation, Springer, vol. 6(4), pages 317-337, July.
    2. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1990. "Experimental Tests of the Endowment Effect and the Coase Theorem," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1325-1348, December.
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    4. Reza Barkhi & Varghese S. /fnms> Jacob & Hasan Pirkul, 1999. "An Experimental Analysis of Face to Face versus Computer Mediated Communication Channels," Group Decision and Negotiation, Springer, vol. 8(4), pages 325-347, July.
    5. Northcraft, Gregory B. & Brodt, Susan E. & Neale, Margaret A., 1995. "Negotiating with Nonlinear Subjective Utilities: Why Some Concessions Are More Equal Than Others," Organizational Behavior and Human Decision Processes, Elsevier, vol. 63(3), pages 298-310, September.
    6. Northcraft, Gregory B. & Preston, Jared N. & Neale, Margaret A. & Kim, Peter H. & Thomas-Hunt, Melissa C., 1998. "Non-linear Preference Functions and Negotiated Outcomes," Organizational Behavior and Human Decision Processes, Elsevier, vol. 73(1), pages 54-75, January.
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    8. Moore, Don A. & Kurtzberg, Terri R. & Thompson, Leigh L. & Morris, Michael W., 1999. "Long and Short Routes to Success in Electronically Mediated Negotiations: Group Affiliations and Good Vibrations, , , , , ," Organizational Behavior and Human Decision Processes, Elsevier, vol. 77(1), pages 22-43, January.
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    Cited by:

    1. Luis C. Dias & Rudolf Vetschera, 2019. "Multiple local optima in Zeuthen–Hicks bargaining: an analysis of different preference models," EURO Journal on Decision Processes, Springer;EURO - The Association of European Operational Research Societies, vol. 7(1), pages 33-53, May.
    2. Stephen E. Weiss, 2012. "Negotiators’ Effectiveness with Mixed Agendas: An Empirical Exploration of Tasks, Decisions and Performance Criteria," Group Decision and Negotiation, Springer, vol. 21(3), pages 255-290, May.

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