Article ID Journal Published Year Pages File Type
5072042 Games and Economic Behavior 2012 20 Pages PDF
Abstract
► We experimentally study Nash bargaining with random implementation. ► In case of disagreement, a random demand is implemented with probability q. ► Qualitative results are mostly consistent with game theory. ► As q increases, players make more extreme demands. ► Increases in q reinforce the asymmetry of the setting, but efficiency also increases.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Bargaining with random implementation: An experimental study
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