Bargaining And Market Behavior

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Bargaining and Market Behavior

Author : Vernon L. Smith
Publisher : Cambridge University Press
ISBN 13 : 0521584507
Total Pages : 474 pages
Book Rating : 4.5/5 (215 download)

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Book Synopsis Bargaining and Market Behavior by : Vernon L. Smith

Download or read book Bargaining and Market Behavior written by Vernon L. Smith and published by Cambridge University Press. This book was released on 2000-06-12 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second Cambridge University Press collection of papers by Vernon L. Smith, a creator of the field of experimental economics, includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology, particularly the field of evolutionary psychology, using the latter to broaden the perspective in which experimental results are interpreted. The volume complements Professor Smith's earlier work by demonstrating the importance of institutional features of markets in understanding behavior and market performance. Specific themes investigated include rational choice, the notion of fairness, game theory and extensive form experimental interactions, institutions and market behavior, and the study of laboratory stock markets.

Fairness in Bargaining and Markets

Author : Christian Korth
Publisher : Springer Science & Business Media
ISBN 13 : 3642022537
Total Pages : 175 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Fairness in Bargaining and Markets by : Christian Korth

Download or read book Fairness in Bargaining and Markets written by Christian Korth and published by Springer Science & Business Media. This book was released on 2009-07-25 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on economic bargaining theory. Economic bargaining theory seeks to predict the outcomes of bargaining situations. In such situations, govern ments, ?rms, or individuals share a mutual interest in cooperation; however, they also have con?icting interests regarding the terms of an agreement. A classic ex ample of such a situation is wage bargaining between unions and employers. More commonplace examples also exist. For instance, a discussion between partners on how to spend an evening can be understood as a bargaining situation. Economic bargaining theory explores the relationship between bargaining situ ations and the outcomes of the bargaining. Economists have two primary reasons to show interest in this relationship. The ?rst reason is that many important human interactions, including economic interactions, are bargaining situations. The second reason is that the understanding of these situations may inform the economic theory of markets. The tool utilized in this study is the mathematical theory of games. Predictions for bargaining outcomes are developed by modeling the bargaining situation as a strategic game and using game theoretic equilibrium concepts in order to solve the game. In this approach, the speci?c identi?ed bargaining outcome depends on the assumptions underlying the model. The neoclassical and fundamental assumption is that of rational agents—called economic men—who strive to maximize their utility based on stable preferences.

Bargaining and Market Behavior in Thailand

Author :
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (945 download)

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Book Synopsis Bargaining and Market Behavior in Thailand by :

Download or read book Bargaining and Market Behavior in Thailand written by and published by . This book was released on 2012 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bargaining Behavior

Author : Lawrence E. Fouraker
Publisher : Greenwood
ISBN 13 :
Total Pages : 330 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Bargaining Behavior by : Lawrence E. Fouraker

Download or read book Bargaining Behavior written by Lawrence E. Fouraker and published by Greenwood. This book was released on 1977 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bargaining Behavior with Non-stochastic Agent Matches in Asymmetric Markets

Author : Lindsey J. Rittmueller
Publisher :
ISBN 13 : 9781124451374
Total Pages : 107 pages
Book Rating : 4.4/5 (513 download)

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Book Synopsis Bargaining Behavior with Non-stochastic Agent Matches in Asymmetric Markets by : Lindsey J. Rittmueller

Download or read book Bargaining Behavior with Non-stochastic Agent Matches in Asymmetric Markets written by Lindsey J. Rittmueller and published by . This book was released on 2010 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines laboratory outcomes when there are asymmetric numbers of agents available to bargain over a homogeneous good. When one side of the market is more concentrated than the other side of the market, some agents on one side of the market are unable to trade. For those agents who are matched and the match is confirmed, paired agents proceed into the bargaining rounds. With the data gathered from the market experiments, it is concluded that the concentrated side of the market has more bargaining power; however, the amount of power an agent has is significantly reduced when he makes the initial proposal for a match. By a review of the profits attained from the experiments, market efficiency is significantly lower when the market is asymmetric than when the market is symmetric. Efficiency is significantly different depending on whether the buyer or the seller make the initial proposal for a match.

Bargaining and Markets

Author : Martin J. Osborne
Publisher : San Diego ; Toronto : Academic Press
ISBN 13 :
Total Pages : 242 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Bargaining and Markets by : Martin J. Osborne

Download or read book Bargaining and Markets written by Martin J. Osborne and published by San Diego ; Toronto : Academic Press. This book was released on 1990 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The formal theory of bargaining originated with John Nash's work in the early 1950s. This book discusses two recent developments in this theory. The first uses the tool of extensive games to construct theories of bargaining in which time is modeled explicitly. The second applies the theory of bargaining to the study of decentralized markets. Rather than surveying the field, the authors present a select number of models, each of which illustrates a key point. In addition, they give detailed proofs throughout the book.

A Comparison of Male and Female Bargaining Behavior Under a Duopolistic Market Structure

Author : Robert George Eggleston
Publisher :
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.:/5 (323 download)

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Book Synopsis A Comparison of Male and Female Bargaining Behavior Under a Duopolistic Market Structure by : Robert George Eggleston

Download or read book A Comparison of Male and Female Bargaining Behavior Under a Duopolistic Market Structure written by Robert George Eggleston and published by . This book was released on 1967 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Game-Theoretic Models of Bargaining

Author : Alvin E. Roth
Publisher : Cambridge University Press
ISBN 13 : 0521267579
Total Pages : 402 pages
Book Rating : 4.5/5 (212 download)

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Book Synopsis Game-Theoretic Models of Bargaining by : Alvin E. Roth

Download or read book Game-Theoretic Models of Bargaining written by Alvin E. Roth and published by Cambridge University Press. This book was released on 1985-11-29 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive picture of the new developments in bargaining theory.

Markets, Games, and Strategic Behavior

Author : Charles A. Holt
Publisher : Princeton University Press
ISBN 13 : 0691188971
Total Pages : pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Markets, Games, and Strategic Behavior by : Charles A. Holt

Download or read book Markets, Games, and Strategic Behavior written by Charles A. Holt and published by Princeton University Press. This book was released on 2019-03-12 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: From a pioneer in experimental economics, an expanded and updated edition of a textbook that brings economic experiments into the classroom Economics is rapidly becoming a more experimental science, and the best way to convey insights from this research is to engage students in classroom simulations that motivate subsequent discussions and reading. In this expanded and updated second edition of Markets, Games, and Strategic Behavior, Charles Holt, one of the leaders in experimental economics, provides an unparalleled introduction to the study of economic behavior, organized around risky decisions, games of strategy, and economic markets that can be simulated in class. Each chapter is based on a key experiment, presented with accessible examples and just enough theory. Featuring innovative applications from the lab and the field, the book introduces new research on a wide range of topics. Core chapters provide an introduction to the experimental analysis of markets and strategic decisions made in the shadow of risk or conflict. Instructors can then pick and choose among topics focused on bargaining, game theory, social preferences, industrial organization, public choice and voting, asset market bubbles, and auctions. Based on decades of teaching experience, this is the perfect book for any undergraduate course in experimental economics or behavioral game theory. New material on topics such as matching, belief elicitation, repeated games, prospect theory, probabilistic choice, macro experiments, and statistical analysis Participatory experiments that connect behavioral theory and laboratory research Largely self-contained chapters that can each be covered in a single class Guidance for instructors on setting up classroom experiments, with either hand-run procedures or free online software End-of-chapter problems, including some conceptual-design questions, with hints or partial solutions provided

Surveys in Experimental Economics

Author : Friedel Bolle
Publisher : Springer Science & Business Media
ISBN 13 : 3642574580
Total Pages : 259 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Surveys in Experimental Economics by : Friedel Bolle

Download or read book Surveys in Experimental Economics written by Friedel Bolle and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experimental Economics has experienced a steadily growing interest by economists during the last decade. This may not surprise since laboratory and field experiments obviously provide a further valuable source of empirical evidence of economic behavior besides statistics, econometrics, polls, interviews and simulations. In an overview of the recent developments in Experimental Economics, the present book concentrates on three central themes standing in the actual research focus: bargaining, cooperation and election markets. For each one of these topics the volume presents several state-of-the-art survey articles by experts in the field, accompanied by detailed comments. While the experimental approach sheds new light on the microeconomic standard topics of bargaining and cooperation, the election market approach as a new field may provide better forecasts for political elections - and for soccer World Championships.

How Well Does Bargaining Work in Consumer Markets? A Robust Bounds Approach

Author : Bradley Larsen
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (126 download)

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Book Synopsis How Well Does Bargaining Work in Consumer Markets? A Robust Bounds Approach by : Bradley Larsen

Download or read book How Well Does Bargaining Work in Consumer Markets? A Robust Bounds Approach written by Bradley Larsen and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides a structural analysis of detailed, alternating-offer bargaining data from eBay, deriving bounds on buyers and sellers private value distributions using a range of assumptions on behavior. These assumptions range from very weak (assuming only that acceptance and rejection decisions are rational) to less weak (e.g., assuming that bargaining offers are weakly increasing in players' private values). We estimate the bounds and show what they imply for consumer negotiation behavior in theory and practice. For the median product, bargaining ends in impasses in 43% of negotiations even when the buyer values the good more than the seller.

Negotiation Behavior

Author : Dean G. Pruitt
Publisher : Academic Press
ISBN 13 : 1483266206
Total Pages : 278 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Negotiation Behavior by : Dean G. Pruitt

Download or read book Negotiation Behavior written by Dean G. Pruitt and published by Academic Press. This book was released on 2013-09-11 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Negotiation Behavior is a theoretical synthesis of what is known about negotiation as a general phenomenon. The principles presented are illustrated with examples of negotiation from many specific realms. A great deal of attention is devoted to the motives, perceptions, and other microprocesses underlying the behavior of negotiators and to the results of laboratory experiments on negotiation. Comprised of seven chapters, this book begins by defining negotiation and contrasting it with other forms of multiparty decision making, along with its significance and the nature of research on the subject. Two fundamental theoretical notions are presented: the strategic choice model and the goal/expectation hypothesis. Subsequent chapters focus on where bargainers place their demands as well as the strategies they use to foster their interests while moving toward agreement. The reader is introduced to key concepts such as demand level and concession rate, competitive tactics, and coordinative behavior, together with integrative agreements and third-party intervention in negotiation (mediation and arbitration). This monograph will be of value to practitioners in the fields of organizational and occupational psychology, social psychology, economics, industrial relations, and international relations.

How Well Does Bargaining Work in Consumer Markets?

Author : Bradley J. Larsen
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (126 download)

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Book Synopsis How Well Does Bargaining Work in Consumer Markets? by : Bradley J. Larsen

Download or read book How Well Does Bargaining Work in Consumer Markets? written by Bradley J. Larsen and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides a structural analysis of detailed, alternating-offer bargaining data from eBay, deriving bounds on buyers and sellers private value distributions using a range of assumptions on behavior. These assumptions range from very weak (assuming only that acceptance and rejection decisions are rational) to less weak (e.g., assuming that bargaining offers are weakly increasing in players' private values). We estimate the bounds and show what they imply for consumer negotiation behavior in theory and practice. For the median product, bargaining ends in impasses in 43% of negotiations even when the buyer values the good more than the seller.

Bargaining Behavior

Author : Donald L. Harnett
Publisher :
ISBN 13 : 9780931920172
Total Pages : 328 pages
Book Rating : 4.9/5 (21 download)

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Book Synopsis Bargaining Behavior by : Donald L. Harnett

Download or read book Bargaining Behavior written by Donald L. Harnett and published by . This book was released on 1980 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Markets, Games, & Strategic Behavior

Author : Holt Charles A.
Publisher : Pearson Education India
ISBN 13 : 9788131721087
Total Pages : 564 pages
Book Rating : 4.7/5 (21 download)

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Book Synopsis Markets, Games, & Strategic Behavior by : Holt Charles A.

Download or read book Markets, Games, & Strategic Behavior written by Holt Charles A. and published by Pearson Education India. This book was released on 2008-09 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his new text, Charles Holt begins each chapter with a lead-off experiment designed as an organizing device to introduce economic concepts such as the Winner's Curse, Asset Market Bubbles, and Rent Seeking. These experiments are easy to facilitate in the classroom, and may be run "by hand" or online via an internet browser. The early chapters in Part I of the text cover the basics, providing examples that feature markets with buyers and sellers, simple two-person games, and individual lottery choice decision. Professors can choose the order in which they cover later chapter topics, including markets, bargaining, public choice, auctions, individual decisions, games, and asymmetric information.

Bargaining in a Video Experiment

Author : Heike Hennig-Schmidt
Publisher : Springer Science & Business Media
ISBN 13 : 3642457754
Total Pages : 231 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Bargaining in a Video Experiment by : Heike Hennig-Schmidt

Download or read book Bargaining in a Video Experiment written by Heike Hennig-Schmidt and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bilateral bargaining situations are of great importance in reality. Traditional microeconomics, however, make cognitive and motivational assumptions of subjects` full rationality that are revealed as being unrealistic by a growing number of experimental investigations. The present book adds an important contribution to the understanding of principles of boundedly rational behavior by directly observing groups of subjects in a decision situation and videotaping their discussions. A very important result of the book is that the behavior of subjects is guided by aspirations regarding the final outcome. The levels of aspirations are influenced by prominence and different forms of the equity principle resulting in several fairness norms as to the allocation of the amount of money to be divided. Another important feature of the book stems from the analysis of break off discussions and enables a motivational explanation of the emergence of breakdowns in bargaining.

Bargaining

Author : Emin Karagözoğlu
Publisher : Springer Nature
ISBN 13 : 3030766667
Total Pages : 486 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Bargaining by : Emin Karagözoğlu

Download or read book Bargaining written by Emin Karagözoğlu and published by Springer Nature. This book was released on 2022-04-18 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Edited Collection provides a rigorous and rich overview of current bargaining research in economics and related disciplines, as well as a discussion of future directions. The Editors create cross-disciplinary and cross-methodological synergies by bringing together bargaining researchers from various fields, including game theory, experimental economics, political economy, autonomous negotiations, artificial intelligence, environmental economics and behavioral operations management; as well as using various methods, including the strategic approach, axiomatic approach, empirical research, lab and field experiments, machine learning and decision support systems. Offering insights into the theoretical foundations of bargaining research, traditional applications to bargaining research and topics of growing importance due to new advances in technology and the changing political and physical landscape of the world, this book is a key tool for anyone working on or interested in bargaining.