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Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
Jena Economic Research Papers No. 2012,043
Verlag: 
Friedrich Schiller University Jena and Max Planck Institute of Economics, Jena
Zusammenfassung: 
Although many real bargaining situations involve more than two people, much of the theoretical and experimental research concentrates on the two player situation. We study the simplest possible extension: four people (two two-person groups) of different patience bargain with each other. Theoretically, only the more patient member of each group should be relevant for the outcome. The less patient members would agree to any outcome and are, hence, irrelevant. We find, however, that the impact of the patient member can be quite small.
Schlagwörter: 
bargaining experiment
heterogeneous group members
JEL: 
C78
D74
Dokumentart: 
Working Paper

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