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Hard Bargains and Lost Opportunities

Author

Listed:
  • Binmore, K.
  • Proulx, C.
  • Samuelson, L.
  • Swierzbinski, J.

Abstract

This paper examines an Outside Option Game Designed to study the tension between maximizing the size of the surplus and bargaining over the division of thus surplus among those who contributed to its creation.

Suggested Citation

  • Binmore, K. & Proulx, C. & Samuelson, L. & Swierzbinski, J., 1996. "Hard Bargains and Lost Opportunities," Working papers 9517r, Wisconsin Madison - Social Systems.
    • Handle: RePEc:att:wimass:9517r
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    Cited by:

    1. Ken Binmore & Larry Samuelson, "undated". "Evolutionary Drift and Equilibrium Selection," ELSE working papers 011, ESRC Centre on Economics Learning and Social Evolution.
    2. Ellingsen, Tore & Robles, Jack, 2002. "Does Evolution Solve the Hold-Up Problem?," Games and Economic Behavior, Elsevier, vol. 39(1), pages 28-53, April.
    3. Tore Ellingsen & Magnus Johannesson, 2004. "Is There a Hold‐up Problem?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(3), pages 475-494, October.

    More about this item

    Keywords

    GAMES; BARGAINING;

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other

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