Delegation and Threat in Bargaining
Delegation and Threat in Bargaining
复制标题
谈判中的授权和威胁
DOI:
10.1006/game.1997.0611
复制
发表时间:
1998
影响因子:
1.1
通讯作者:
Björn Segendorff
中科院分区:
文献类型:
--
作者:
Björn Segendorff
Abstract Two principals (“nations”) appoint one agent each to bargain over the provision of a public good. Two institutional set-ups are studied, each with a different level of authority given to the agents. Here authority means the right to decide the own side's provision if negotiations break down. In equilibrium the principals choose agents with preferences differing from their own. The low-authority equilibrium Pareto dominates (with regard to the principals) the case of the principals deciding on the provisions simultaneously (autarchy). The high-authority equilibrium is Pareto dominated by the low-authority equilibrium and it may even be dominated by autarchy.Journal of Economic LiteratureClassification Numbers: C71, and C72.