OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
In the meantime, the OxTalks site will remain active and events will continue to be published.
If staff have any questions about the Oxford Events launch, please contact halo@digital.ox.ac.uk
Abstract
Negotiation is a ubiquitous and consequential form of economic interaction. It is deal-making in the absence of a designer. We propose a theory of negotiation in which deals have many aspects. This leads to a new perspective on the welfare consequences of asymmetric information, which we examine via both theory and experiments. In a robust class of settings of asymmetric information, it is in each agent’s interest to truthfully reveal her private information, which comes about because of the benefits of identifying areas of mutual gain. We show that equilibria are efficient, with significant implications for applications.
The paper is available below:
www.nuffield.ox.ac.uk/media/2534/bargaining-mp-04122018.pdf
