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• W1645499413 abstract "This paper analyses sequential agendas in multi-issue bargaining. A bilateral two-issue alternating offer model with complete information and players with opposing ranking of the issues is studied. The model assumes issues to be linked such that the implementation of any result requires all issues to be settled. The analysis shows that if offers are restricted to single-issues, then the agenda which emerges endogenously leads only exceptionally to inefficient outcomes, i.e. if bargaining frictions are sufficiently low and preferences are sufficiently similar. Moreover, by adopting an ex ante perspective, it is shown that full exploitation of interissue tradeoffs can be guaranteed only if issues are discussed one at a time. As a consequence, it is primarily the sequential agenda which generates ex ante efficient outcomes." @default.
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• W1645499413 date "2011-06-16" @default.
• W1645499413 modified "2023-09-24" @default.
• W1645499413 title "Essays on Efficiency in Bargaining" @default.
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