IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-76666-5_2.html
   My bibliography  Save this book chapter

Commitment Tactics in Bargaining Under Complete Information

In: Bargaining

Author

Listed:
  • Topi Miettinen

    (Hanken School of Economics)

Abstract

In this chapter, I will focus on the complete information non-cooperative literature on commitment in this millennium. I define pre-commitment as an explicit choice to restrict one’s future action space. I will thus not consider the endogenous commitment literature where commitment arises as a by-product of past actions. I will also not address reputational bargaining nor dynamic incomplete information bargaining. The key finding is that costly strategic pre-commitments which are uncertain to succeed may unavoidably lead to inefficiency—a finding challenging the received wisdom that complete information bilateral bargaining is necessarily efficient. These models thus suggest an alternative to incomplete information in explaining the empirically observed delay and inefficiency in bargaining and conflict. I summarize the theoretical developments, I discuss the applied future directions, the empirical evidence, and the limitations of the approach

Suggested Citation

  • Topi Miettinen, 2022. "Commitment Tactics in Bargaining Under Complete Information," Springer Books, in: Emin Karagözoğlu & Kyle B. Hyndman (ed.), Bargaining, chapter 0, pages 11-34, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-76666-5_2
    DOI: 10.1007/978-3-030-76666-5_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-76666-5_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.