Bargaining in the Shadow of Uncertainty
实验研究发现,当未来剩余不确定时,多数规则下延迟达成协议可能低效,而一致同意规则下则不会;实际行为偏离理论预测,原因在于更平等的分配和较低的排除风险。
In bargaining environments with stochastic future surplus, failing to delay agreement can be inefficient when the expected future surplus is sufficiently high. Theoretically, such inefficiencies never arise under unanimity rule but can arise under majority rule. Using a laboratory experiment, we find support for these predictions, both when the unanimity rule is predicted to be more efficient and when there should be no difference between the two rules. We also find large point prediction deviations under the majority rule. We show these deviations can be explained by higher-than-predicted egalitarian sharing and a lower risk of being excluded from future agreements.