Browsing by Subject "Bargaining"
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Publisher and Date:(Elsevier Science, 2018)We study an alternating-offers bilateral bargaining game where players may derive disutility from accepting shares below what they deem as fair Moreover we assume that the values they attach to fairness (i.e. their sensitivity to violations of their fairness judgments) decrease over time as the deadline approaches. Our results offer a new explanation to delays and disagreements in dynamic negotiations. We show that even mutually compatible fairness judgments do not guarantee an immediate agreement. ...