Disagreement in Markets with Matching and Bargaining
解释为何谈判者常在有正预期收益时终止谈判,通过将谈判嵌入市场模型,指出寻找新伙伴可能带来更高回报。
This paper develops an explanation of why bargainers often terminate negotiations in disagreement in spite of positive expected gains from continued negotiation. The key to the analysis is a model which embeds bargaining activity within a market. Agents are continually faced with the choice between continuing to bargain with an existing partner or searching for a new partner. Bargainers may then terminate negotiations without an agreement, in spite of positive expected gains from continued bargaining, because seeking a new bargaining partner promises a higher return.