Title: Bargaining Over an Uncertain Outcome : The Role of Beliefs
Abstract: We study the Nash bargaining solution of a problem in which two agents bargain over an uncertain outcome. Under the assumption of constant absolute risk aversion, we study the way that solution varies, ex ante, when we vary the beliefs of one agent. Changing an agent's beliefs in a way that makes them more distant from the other agent's beliefs makes the second agent better off.
Publication Year: 2000
Publication Date: 2000-01-01
Language: en
Type: article
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