Abstract

http://ssrn.com/abstract=293395
 
 

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Sequential Bargaining without a Common Prior on the Recognition Process


Muhamet Yildiz


Massachusetts Institute of Technology (MIT) - Department of Economics

June 2001

MIT Department of Economics Working Paper No. 01-43

Abstract:     
We analyze a sequential bargaining model, where players are allowed to hold different beliefs about which players will make an offer and when. Excessive optimism about making offers in the future can cause a delay in agreement. Despite this, the main result states that, if players will remain sufficiently optimistic for a sufficiently long future, then in equilibrium they will agree immediately.

Number of Pages in PDF File: 41

Keywords: Bargaining, Misperceptions, Optimism, Deadline effect

JEL Classification: C73, C78, D84

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Date posted: December 11, 2001  

Suggested Citation

Yildiz, Muhamet, Sequential Bargaining without a Common Prior on the Recognition Process (June 2001). MIT Department of Economics Working Paper No. 01-43. Available at SSRN: http://ssrn.com/abstract=293395 or http://dx.doi.org/10.2139/ssrn.293395

Contact Information

Muhamet Yildiz (Contact Author)
Massachusetts Institute of Technology (MIT) - Department of Economics ( email )
50 Memorial Drive
Room E52-371a
Cambridge, MA 02142
United States
617-253-5331 (Phone)
617-253-6915 (Fax)
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