Bargaining and Market Behavior - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Bargaining and Market Behavior write by Vernon L. Smith. This book was released on 2000-06-12. Bargaining and Market Behavior available in PDF, EPUB and Kindle. This second Cambridge University Press collection of papers by Vernon L. Smith, a creator of the field of experimental economics, includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology, particularly the field of evolutionary psychology, using the latter to broaden the perspective in which experimental results are interpreted. The volume complements Professor Smith's earlier work by demonstrating the importance of institutional features of markets in understanding behavior and market performance. Specific themes investigated include rational choice, the notion of fairness, game theory and extensive form experimental interactions, institutions and market behavior, and the study of laboratory stock markets.
Fairness in Bargaining and Markets
Fairness in Bargaining and Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fairness in Bargaining and Markets write by Christian Korth. This book was released on 2009-07-25. Fairness in Bargaining and Markets available in PDF, EPUB and Kindle. This book focuses on economic bargaining theory. Economic bargaining theory seeks to predict the outcomes of bargaining situations. In such situations, govern ments, ?rms, or individuals share a mutual interest in cooperation; however, they also have con?icting interests regarding the terms of an agreement. A classic ex ample of such a situation is wage bargaining between unions and employers. More commonplace examples also exist. For instance, a discussion between partners on how to spend an evening can be understood as a bargaining situation. Economic bargaining theory explores the relationship between bargaining situ ations and the outcomes of the bargaining. Economists have two primary reasons to show interest in this relationship. The ?rst reason is that many important human interactions, including economic interactions, are bargaining situations. The second reason is that the understanding of these situations may inform the economic theory of markets. The tool utilized in this study is the mathematical theory of games. Predictions for bargaining outcomes are developed by modeling the bargaining situation as a strategic game and using game theoretic equilibrium concepts in order to solve the game. In this approach, the speci?c identi?ed bargaining outcome depends on the assumptions underlying the model. The neoclassical and fundamental assumption is that of rational agents—called economic men—who strive to maximize their utility based on stable preferences.
Bargaining and Market Behavior in Thailand
Bargaining and Market Behavior in Thailand - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Bargaining and Market Behavior in Thailand write by . This book was released on 2012. Bargaining and Market Behavior in Thailand available in PDF, EPUB and Kindle.
Bargaining Behavior
Bargaining Behavior - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Bargaining Behavior write by Lawrence E. Fouraker. This book was released on 1977. Bargaining Behavior available in PDF, EPUB and Kindle.
Bargaining Behavior with Non-stochastic Agent Matches in Asymmetric Markets
Bargaining Behavior with Non-stochastic Agent Matches in Asymmetric Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Bargaining Behavior with Non-stochastic Agent Matches in Asymmetric Markets write by Lindsey J. Rittmueller. This book was released on 2010. Bargaining Behavior with Non-stochastic Agent Matches in Asymmetric Markets available in PDF, EPUB and Kindle. This study examines laboratory outcomes when there are asymmetric numbers of agents available to bargain over a homogeneous good. When one side of the market is more concentrated than the other side of the market, some agents on one side of the market are unable to trade. For those agents who are matched and the match is confirmed, paired agents proceed into the bargaining rounds. With the data gathered from the market experiments, it is concluded that the concentrated side of the market has more bargaining power; however, the amount of power an agent has is significantly reduced when he makes the initial proposal for a match. By a review of the profits attained from the experiments, market efficiency is significantly lower when the market is asymmetric than when the market is symmetric. Efficiency is significantly different depending on whether the buyer or the seller make the initial proposal for a match.
