"Do Norms Against Threats have Real Effects? Comparing Bargaining Solutions in the Shadow of Conflict"
AbstractIn many economic environments agents make costly and irreversible investments (in "guns") that may enhance their respective threat payoffs but also shrink the utility possibilities set. In such settings, with variable threats and a variable utility possibilities set, it becomes possible to rank different bargaining solutions in term of their efficiency properties. We compare bargaining solutions within a wide class in which the influence of the threat point on the bargaining outcome varies across solutions.
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Bibliographic InfoPaper provided by California Irvine - School of Social Sciences in its series Papers with number 98-99-11.
Length: 25 pages
Date of creation: 1999
Date of revision:
Contact details of provider:
Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.
BARGAINING ; GAME THEORY ; SOCIAL CHOICE;
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