Bargaining Flashcards
1
Q
Bargaining can be viewed strategically, where the ability to commit to a position allows a player to
A
capture the lions share of gains from trade
2
Q
Credible commitments are difficult to make because they
A
require players to commit to a course of action against their self-interest
3
Q
The nonstrategic view of bargaining does not focus on the explicit rules of the game to understand
A
the likely outcome of the bargaining
4
Q
Anything you can do to increase opponents gains from reaching agreement or
A
to decrease your own will improve your bargaining position
