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- W4313303499 abstract "I study ultimatum bargaining with imperfectly observed offers. Imperfectly observed offers must be rejected with positive probability, even when the players’ preferences are common knowledge. Noisier observations imply a greater risk of rejection. In repeated ultimatum bargaining, the responding party can obtain a positive payoff if his signal of the opponent’s offer is also observed by the opponent herself, but not if his signal is private. In alternating-offers bargaining, a player is better off when her own offers are observed more precisely and her opponent’s offers are observed less precisely. Possible applications include international relations, regulation, principal-agency, and product quality provision. (JEL C73, C78, D82)" @default.
- W4313303499 created "2023-01-06" @default.
- W4313303499 creator A5068473794 @default.
- W4313303499 date "2023-01-01" @default.
- W4313303499 modified "2023-09-30" @default.
- W4313303499 title "Unobserved-Offers Bargaining" @default.
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- W4313303499 doi "https://doi.org/10.1257/aer.20211524" @default.
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