Title
Zeuthen–Hicks Bargaining in Electronic Negotiations
Author
Rudolf Vetschera
Abstract
We apply the Zeuthen–Hicks bargaining model in an empirical study of electronic negotiations. Using a typology of bargaining steps based on that model, we study to what extent actual steps conform to the predictions of the model, and the effects of conformity with the model on bargaining outcomes. Results indicate that the model predicts bargaining steps only slightly better than chance, but that steps conforming to the model lead to outcomes that are closer to the efficient frontier, closer to the Nash bargaining solution, and provide higher utility to the party using such steps.
Keywords
Zeuthen–Hicks bargainingBargaining stepsElectronic negotiations
Object type
Language
English [eng]
Persistent identifier
https://phaidra.univie.ac.at/o:937432
Appeared in
Title
Group Decision and Negotiation
Volume
28
Issue
2
From page
255
To page
274
Publisher
Springer Nature
Date issued
2018
Access rights
Rights statement
© The Author(s) 2018

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