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Title: Bargaining under Large Risk - An Experimental Analysis -
Authors: Güth, Werner
Kröger, Sabine
Maug, Ernst
Keywords: Bargaining
Large Risk
Issue Date: 2006-11
Series/Report no.: Cahiers du CIRPÉE;06-37
Abstract: We present an experimental study to learn about behavior in bargaining situations under large risks. In order to implement realistic risks involved in the field, we calibrate the experimental parameters from an environment involving substantial variation in profits, the motion picture industry. The leading example is the production of a movie that may give rise to a sequel, so actors and producers negotiate sequentially. We analyze the data in light of alternative behavioral approaches to understanding bargaining behavior under large risk.
Appears in Collections:Cahiers de recherche du CIRPÉE

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