search query: @author Katok, E. / total: 4
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| Author: | Bolton, G. Katok, E. |
| Title: | Reinterpreting arbitration's narcotic effect: an experimental study of learning in repeated bargaining |
| Journal: | Games and Economic Behavior
1998 : OCT, VOL. 25:1, p. 1-33 |
| Index terms: | GAMES ECONOMIC BEHAVIOUR LEARNING |
| Language: | eng |
| Abstract: | Field evidence suggests that arbitration increases negotiation dispute rates. The authors study repeated bargaining in a laboratory to understand the reasons why. The results represent a reinterpretation of an explanation known as the narcotic effect. The standard interpretation assumes that the probability of dispute without arbitration is constant across negotiations, but field evidence suggests that experienced bargainers have fewer disputes. |
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