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Article Dans Une Revue Group Decision and Negotiation Année : 2022

Two Person Bargaining Mechanisms: A Laboratory Experiment

Damien Bol
Jean-François Laslier
  • Fonction : Auteur
Matías Núñez
  • Fonction : Auteur

Résumé

We conduct a series of experiments in which two subjects bargain over five options. Following an experimental design closely related to De Clippel et al. (Am Econ Rev 104:3434–3458, 2014), we evaluate the performance of three bargaining mechanisms: (α) one subject shortlists a block of three options before the other chooses one among them, (b) both subjects veto options simultaneously and in a block, and (c) both subjects veto options simultaneously and gradually one after the other. We document that the non-symmetric shortlisting mechanism (α) is highly efficient, but our data also suggest the existence of a first-mover advantage as subjects become more experienced. The simultaneous mechanism (b) is less efficient than (α) and generates a high level of ex-post inequality. The gradual veto mechanism (c) is no less efficient than (α), but has the important advantage of shutting down the possibility of any first-mover advantage.

Dates et versions

hal-04564070 , version 1 (30-04-2024)

Identifiants

Citer

Damien Bol, Jean-François Laslier, Matías Núñez. Two Person Bargaining Mechanisms: A Laboratory Experiment. Group Decision and Negotiation, 2022, 31 (6), pp.1145-1177. ⟨10.1007/s10726-022-09793-y⟩. ⟨hal-04564070⟩

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