Blar i Publikasjoner fra TØI på emneord "outside options"
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Reference points in sequential bargaining: theory and experiment
(Journal article; Peer reviewed, 2023-10-11)We introduce loss aversion in an infinite-horizon, alternating-offers model. When outside options serve as reference points, the equilibrium of our model follows that of the standard Rubinstein bargaining model, i.e., ...