Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70152
Authors: 
Kirchkamp, Oliver
Vollstädt, Ulrike
Year of Publication: 
2012
Series/Report no.: 
Jena Economic Research Papers 2012,043
Abstract: 
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.
Subjects: 
bargaining experiment
heterogeneous group members
JEL: 
C78
D74
Document Type: 
Working Paper

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