What price compromise?

被引:0
|
作者
John Bone
John D. Hey
John Suckling
机构
[1] University of York,Department of Economics
来源
Theory and Decision | 2014年 / 77卷
关键词
Bargaining; Compromise; Experiments; Nash Axioms; C78; C92;
D O I
暂无
中图分类号
学科分类号
摘要
This paper identifies, and tests experimentally, a prediction of the Nash bargaining axioms that may appear counterintuitive. The context is a simple bargaining problem in which two players have to agree a choice from three alternatives. One alternative favours one player and a second favours the other. The third is an apparently reasonable compromise, but is in fact precluded as an agreed choice by the Nash axioms. Experimental results show that agreement on this third alternative occurs rather often. Our subjects’ behaviour could be interpreted as the paying of an irrationally high price, according to the Nash axioms, in order to reach a compromise agreement.
引用
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页码:359 / 376
页数:17
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