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The evolutionary role of toughness in bargaining

โœ Scribed by Aviad Heifetz; Ella Segev


Book ID
116505595
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
183 KB
Volume
49
Category
Article
ISSN
0899-8256

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On efficiency, tie-breaking rules and ro
โœ Anders U Poulsen ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 119 KB

We show, in the context of a simple evolutionary bargaining game, that the efficiency of bargaining behavior depends crucially on the tie-breaking rule players use. For certain tie-breaking rules, and in the limit as the number of feasible demands becomes infinite, all the surplus is wasted. Ineffic