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_d150370
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007 ta
008 250228t2024 xxu||||| |||| 00| 0eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
100 _964113
_aAgranov, Marina
245 1 0 _aBargaining in the shadow of uncertainty
_c by Marina Agranov, Hülya Eraslan, and Chloe Tergiman
504 _aBibliografía
520 _aIn bargaining environments with stochastic future surplus, failing to delay agreement can be inefficient when the expected future surplus is sufficiently high. Theoretically, such inefficiencies never arise under unanimity rule but can arise under majority rule. Using a laboratory experiment, we find support for these predictions, both when the unanimity rule is predicted to be more efficient and when there should be no difference between the two rules. We also find large point prediction deviations under the majority rule. We show these deviations can be explained by higher-than-predicted egalitarian sharing and a lower risk of being excluded from future agreements.
650 4 _948552
_aTEORIA ECONOMICA
650 4 _947824
_aNEGOCIACION COLECTIVA
650 4 _948576
_aTOMA DE DECISIONES
700 1 _972367
_aEraslan, Hülya
700 1 _972368
_aTergiman, Chloe
773 0 _9172776
_oOP 2136/2024/4
_tAmerican Economic Journal : Microeconomics
_w(IEF)64890
_x 1945-7669
_g v. 16, n. 4, November 2024, p. 229-258.
942 _cART