How Long to Read Two-Person Bargaining Under Incomplete Information

How Long Does it Take to Read Two-Person Bargaining Under Incomplete Information?

It takes the average reader 4 hours and 11 minutes to read Two-Person Bargaining Under Incomplete Information by James E. Parco

Assuming a reading speed of 250 words per minute. Learn more

Description

New theoretical developments and recent experimental studies involving the sealed-bid kappa-double auction mechanism for bilateral bargaining under incomplete information have raised new questions about procedures that induce efficient bargaining behavior and about the applicability of extant adaptive learning models. It is now generally accepted that a theory of bargaining behavior for individuals who typically do not meet the stringent assumptions about common knowledge of rationality cannot be complete without systematic empirical investigations of the properties of the various mechanisms that structure bargaining. The aim of this dissertation is to critically explore the extent to which efficient bargaining outcomes can be achieved while dynamically accounting for individual behavior across repeated play of the game. In the first study, an endogenous bonus is introduced into the baseline single- stage game. Although theoretically doing so induces truth-telling behavior for both players, the experimental data provide very limited support. In the second study, the baseline game is extended by incorporating an additional, costless period of bargaining, thereby giving players an increased opportunity to reveal information about their respective reservation values. The data show that subjects quickly learn not to reveal information about their private valuation despite the increased opportunity to bilaterally improve efficiency. Finally, the third study investigates behavior sensitivity to variation in the trading parameter, kappa. Instead of following the historical precedent of setting kappa = 1/2, extreme values of kappa are invoked in an asymmetric information environment endowing a player with exclusive price-setting power.

How long is Two-Person Bargaining Under Incomplete Information?

Two-Person Bargaining Under Incomplete Information by James E. Parco is 246 pages long, and a total of 62,976 words.

This makes it 83% the length of the average book. It also has 77% more words than the average book.

How Long Does it Take to Read Two-Person Bargaining Under Incomplete Information Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 44 minutes to read Two-Person Bargaining Under Incomplete Information aloud.

What Reading Level is Two-Person Bargaining Under Incomplete Information?

Two-Person Bargaining Under Incomplete Information is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Two-Person Bargaining Under Incomplete Information?

Two-Person Bargaining Under Incomplete Information by James E. Parco is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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