Bargaining Through Agents: An Experimental Study of Delegation and Commitment
Bargaining Through Agents: An Experimental Study of Delegation and Commitment
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通过代理人讨价还价:委托与承诺的实验研究
DOI:
10.1006/game.1999.0728
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发表时间:
2000
期刊:
影响因子:
--
通讯作者:
Blaine Snyder
中科院分区:
文献类型:
--
作者:
A. Schotter;Wei Zheng;Blaine Snyder
Abstract While face-to-face bargaining has proven itself to be extremely efficient in the laboratory, it appears to break down often in the real world. This discrepancy, we assert, is explained by the fact that in the real world face-to-face bargaining is usually conducted not between principals but between the agents of principals. We find a substantial increase in inefficiency when bargaining is conducted through agents rather than through principals and offer an explanation for this rise in inefficiency. As such, this paper helps to shed light on the growing literature on delegation, commitment, and preference distortion games. Journal of Economic Literature Classification Numbers: C78, C92.