Optimism, deadline effect, and stochastic deadlines
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Author
Contributions
- Massachusetts Institute of Technology. Dept. of Economics - Contributor
Publication
2004 - Massachusetts Institute of Technology, Dept. of Economics, Cambridge, MA, Massachusetts
Language
English
Word Count
3,500 words, Guess
Page Count
14 pages
Identifiers
- Internet Archiveoptimismdeadline00yild
- OCLC Control Number57617729
- Open LibraryOL24639918M
Description
Under a firm deadline, agreement in bargaining is often delayed until the deadline. I propose a rationale for this deadline effect that naturally comes from the parties' optimism about their bargaining power. I then show that the deadline effect disappears if the deadline is stochastic and the offers are made arbitrarily frequently. Keywords: optimism, deadline effect, bargaining. JEL Classifications: C72, C73.
Subjects
Series Statement
- Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 04-36
- Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 04-36.
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