Printer-friendly version Send by email | | Title | Optimal Imperfect Commitments in a Negotiation with a Deadline | | URL | http://papers.ssrn.com/sol3/papers.cfm... | | Description | Abstract:In this paper we relax two assumptions of the bargaining literature related to the uncertainty and irrevocability of commitments. We allow players not only to possess imperfect commitments but also to choose the degree of imperfection of their commitment. When these assumptions are incorporated in Fershtman and Seidmann (1993)'s model, we obtain that, on the one hand, the delays disappear and an immediate agreement is reached. On the other hand, the commitment becomes effective, that is, it improves the payoff of the committed player. | | Authors / Editors | Cunyat i Cunyat, Antoni | | Download Citation | This citation can be downloaded in the following bibliographic database formats: Tagged; XML; BibTex |
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