Bargaining games with joint production

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dc.citation.epage372en_US
dc.citation.spage359en_US
dc.contributor.authorKaragözoğlu, Eminen_US
dc.contributor.editorCroson, R.
dc.contributor.editorBolton, G. E.
dc.date.accessioned2019-04-28T07:37:19Z
dc.date.available2019-04-28T07:37:19Z
dc.date.issued2012en_US
dc.departmentDepartment of Economicsen_US
dc.descriptionPart 6en_US
dc.description.abstractThis article outlines the literature on experimental bargaining and distribution games with joint production. The analysis of aggregate behavior strongly rejects game theoretical predictions and shows that at least some subjects behave in line with equity-based considerations. The influence of fairness judgments on bargaining behavior is stronger when there is randomness in the production process. Power distribution seems to affect fairness judgments. It is noted that knowing the focal point provides a better forecast of outcomes than knowing whether there is hard leverage. Many joint production processes involve complementarities. The length of the relationship (e.g., short-term vs. long-term) may affect the fairness judgments and hence the bargaining. Improving the strategy space in bargaining experiments by allowing free-form negotiation and communication seems to be a promising step forward.en_US
dc.identifier.doi10.1093/oxfordhb/9780199730858.013.0024en_US
dc.identifier.doi10.1093/oxfordhb/9780199730858.001.0001en_US
dc.identifier.isbn9780199730858
dc.identifier.urihttp://hdl.handle.net/11693/50987
dc.language.isoEnglishen_US
dc.publisherOxford University Pressen_US
dc.relation.ispartofThe Oxford handbook of economic conflict resolutionen_US
dc.relation.isversionofhttps://doi.org/10.1093/oxfordhb/9780199730858.013.0024en_US
dc.relation.isversionofhttps://doi.org/10.1093/oxfordhb/9780199730858.001.0001en_US
dc.subjectExperimental bargainingen_US
dc.subjectDistribution gamesen_US
dc.subjectJoint productionen_US
dc.subjectFairness judgmentsen_US
dc.subjectPower distributionen_US
dc.titleBargaining games with joint productionen_US
dc.typeBook Chapteren_US
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