dc.contributor.author | Brekke, Kjell Arne | |
dc.contributor.author | Ciccone, Alice | |
dc.contributor.author | Heggedal, Tom-Reiel | |
dc.contributor.author | Helland, Leif | |
dc.date.accessioned | 2024-06-28T10:53:30Z | |
dc.date.available | 2024-06-28T10:53:30Z | |
dc.date.created | 2023-12-01T12:02:50Z | |
dc.date.issued | 2023-10-11 | |
dc.identifier.citation | Scand. J. of Economics 126 (1), 2024 | en_US |
dc.identifier.issn | 0347-0520 | |
dc.identifier.uri | https://hdl.handle.net/11250/3136541 | |
dc.description | Brekke, K.A., Ciccone, A., Heggedal, T.-R. and Helland, L. (2024), Reference points in sequential bargaining: theory and experiment. Scand. J. of Economics. 126(2), 254-288. https://doi.org/10.1111/sjoe.12552 | en_US |
dc.description.abstract | 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., outside options do not affect the equilibrium unless they are binding. However, when reference points are given by the resources players contribute to the pie, the bargaining outcome changes such that a player's share increases in her contribution. We test our model's predictions in the laboratory. As predicted, only binding outside options impact the division of the pie. Data also show that contributions matter for bargaining outcomes when they are activated as reference points, but not quite as predicted by our theory. Proposers gain a higher share of the pie only when they have contributed a higher share than the opponent has. | en_US |
dc.description.abstract | Reference points in sequential bargaining: theory and experiment | en_US |
dc.language.iso | eng | en_US |
dc.publisher | John Wiley & Sons Ltd on behalf of Foreningen for utgivande av the SJE. | en_US |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.subject | Bargaining | en_US |
dc.subject | laboratory experiment | en_US |
dc.subject | loss aversion | en_US |
dc.subject | outside options | en_US |
dc.subject | reference points | en_US |
dc.title | Reference points in sequential bargaining: theory and experiment | en_US |
dc.title.alternative | Reference points in sequential bargaining: theory and experiment | en_US |
dc.type | Journal article | en_US |
dc.type | Peer reviewed | en_US |
dc.rights.holder | © 2023 The Authors. The Scandinavian Journal of Economics published by John Wiley & Sons Ltd on behalf of Föreningen för utgivande av the SJE. | en_US |
dc.source.articlenumber | 12552 | en_US |
dc.description.version | acceptedVersion | en_US |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
cristin.qualitycode | 2 | |
dc.identifier.doi | 10.1111/sjoe.12552 | |
dc.identifier.cristin | 2207318 | |
dc.source.journal | The Scandinavian Journal of Economics | en_US |
dc.source.volume | 126 | en_US |
dc.source.issue | 2 | en_US |
dc.source.pagenumber | 254–288 | en_US |