File Download
Links for fulltext
(May Require Subscription)
- Publisher Website: 10.3982/TE847
- Scopus: eid_2-s2.0-84862058178
- WOS: WOS:000304190800006
- Find via
Supplementary
- Citations:
- Appears in Collections:
Article: Optimal deadline for agreements
Title | Optimal deadline for agreements |
---|---|
Authors | |
Keywords | Interdependent Values Repeated Proposals War Of Attrition |
Issue Date | 2012 |
Publisher | Society for Economic Theory. The Journal's web site is located at http://econtheory.org |
Citation | Theoretical Economics, 2012, v. 7 n. 2, p. 357-393 How to Cite? |
Abstract | Costly delay in negotiations can induce the negotiating parties to be more forthcoming with their information and improve the quality of the collective decision. Imposing a deadline may result in stalling, in which players at some point stop making concessions but switch back to conceding at the end, or a deadlock, in which concessions end permanently. Extending the deadline hurts the players in the first case, but is beneficial in the second. When the initial conflict between the negotiating parties is intermediate, the optimal deadline is positive and finite, and is characterized by the shortest time that allows efficient information aggregation in equilibrium. © 2012 Ettore Damiano, Li, Hao, and Wing Suen. |
Persistent Identifier | http://hdl.handle.net/10722/164716 |
ISSN | 2021 Impact Factor: 1.671 |
ISI Accession Number ID |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Damiano, E | en_US |
dc.contributor.author | Li, H | en_US |
dc.contributor.author | Suen, WC | en_US |
dc.date.accessioned | 2012-09-20T08:08:42Z | - |
dc.date.available | 2012-09-20T08:08:42Z | - |
dc.date.issued | 2012 | en_US |
dc.identifier.citation | Theoretical Economics, 2012, v. 7 n. 2, p. 357-393 | en_US |
dc.identifier.issn | 1933-6837 | - |
dc.identifier.uri | http://hdl.handle.net/10722/164716 | - |
dc.description.abstract | Costly delay in negotiations can induce the negotiating parties to be more forthcoming with their information and improve the quality of the collective decision. Imposing a deadline may result in stalling, in which players at some point stop making concessions but switch back to conceding at the end, or a deadlock, in which concessions end permanently. Extending the deadline hurts the players in the first case, but is beneficial in the second. When the initial conflict between the negotiating parties is intermediate, the optimal deadline is positive and finite, and is characterized by the shortest time that allows efficient information aggregation in equilibrium. © 2012 Ettore Damiano, Li, Hao, and Wing Suen. | - |
dc.language | eng | en_US |
dc.publisher | Society for Economic Theory. The Journal's web site is located at http://econtheory.org | - |
dc.relation.ispartof | Theoretical Economics | en_US |
dc.subject | Interdependent Values | - |
dc.subject | Repeated Proposals | - |
dc.subject | War Of Attrition | - |
dc.title | Optimal deadline for agreements | en_US |
dc.type | Article | en_US |
dc.identifier.email | Suen, WC: hrneswc@hkucc.hku.hk | en_US |
dc.identifier.authority | Suen, WC=rp00066 | en_US |
dc.description.nature | link_to_OA_fulltext | - |
dc.identifier.doi | 10.3982/TE847 | - |
dc.identifier.scopus | eid_2-s2.0-84862058178 | - |
dc.identifier.hkuros | 206620 | en_US |
dc.identifier.volume | 7 | en_US |
dc.identifier.spage | 357 | en_US |
dc.identifier.epage | 393 | en_US |
dc.identifier.isi | WOS:000304190800006 | - |
dc.identifier.scopusauthorid | Damiano, E=9239291100 | - |
dc.identifier.scopusauthorid | Li, H=55247524700 | - |
dc.identifier.scopusauthorid | Suen, W=7006977946 | - |
dc.identifier.issnl | 1555-7561 | - |