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Information and Communication in Sequential Bargaining

Author

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  • Jeannette Brosig
  • Axel Ockenfels
  • Joachim Weimann

Abstract

In experimental bargaining with incomplete information, we vary the information distribution (symmetric and asymmetric), the direction of electronic pre-play communication (no, one-way, and two-way), and the electronic communication medium (email and video) Bargaining out-comes are influenced by the information and communication configurations, but not by the communication medium. In particular, sellers earn more when being informed about buyers' reservation prices (though they are willing to allocate more to buyers than theoretically pre-dicted), but less when communication opportunities are provided.

Suggested Citation

  • Jeannette Brosig & Axel Ockenfels & Joachim Weimann, 2003. "Information and Communication in Sequential Bargaining," Papers on Strategic Interaction 2003-09, Max Planck Institute of Economics, Strategic Interaction Group.
    • Handle: RePEc:esi:discus:2003-09
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    File URL: ftp://papers.econ.mpg.de/esi/discussionpapers/2003-09.pdf
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    References listed on IDEAS

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    1. Boles, Terry L. & Croson, Rachel T. A. & Murnighan, J. Keith, 2000. "Deception and Retribution in Repeated Ultimatum Bargaining," Organizational Behavior and Human Decision Processes, Elsevier, vol. 83(2), pages 235-259, November.
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    Cited by:

    1. Carsten Schmidt & Ro'i Zultan, 2004. "Unilateral face-to-face communication in ultimatum bargaining - A video experiment," Papers on Strategic Interaction 2004-35, Max Planck Institute of Economics, Strategic Interaction Group.
    2. Christine Harbring, 2006. "The effect of communication in incentive systems-an experimental study," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 27(5), pages 333-353.
    3. Brosig, Jeannette, 2006. "Communication channels and induced behavior," MPRA Paper 14035, University Library of Munich, Germany.

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    More about this item

    Keywords

    sequential bargaining; incomplete information; communication; experiment;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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