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Games 2013, 4(3), 329-338; doi:10.3390/g4030329
Article

Relative Concerns and Delays in Bargaining with Private Information

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Received: 28 March 2013 / Revised: 27 May 2013 / Accepted: 13 June 2013 / Published: 27 June 2013
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Abstract

We consider Rubinstein’s two-person alternating-offer bargaining model with two-sided incomplete information. We investigate the effects of one party having relative concerns about the bargaining outcome and the delay in reaching an agreement. We find that facing an opponent with stronger relative concerns only hurts the bargainer when she is stronger than her opponent. In addition, we show that an increase of one party’s relative concerns will decrease the maximum delay in reaching an agreement.
Keywords: relative concerns; alternating-offer bargaining; private information; maximal delays relative concerns; alternating-offer bargaining; private information; maximal delays
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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Mauleon, A.; Vannetelbosch, V. Relative Concerns and Delays in Bargaining with Private Information. Games 2013, 4, 329-338.

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