[VCEE Seminar] VCEE Seminar with Wladislaw Mill - Invitation, January 17

[Mailing list of the VCEE seminar series]

Dear members and friends of the VCEE,

You are invited to attend the VCEE seminar on Friday January 17, 2025, from
10:30 to 12:00 hrs Vienna time. 

The seminar takes place in seminar room 15 (3rd floor) at
Oskar-Morgenstern-Platz 1.

We will have one speaker: Wladislaw Mill (University of Mannheim),

Webpage:
<https://www.google.com/url?q=https://sites.google.com/view/wladislawmill&sa
=D&source=calendar&usd=2&usg=AOvVaw2knKUlPYHM7qT-mUjmL4Tb>
https://sites.google.com/view/wladislawmill


Here is more information about the talk:

Title: 

Bargaining Under the Threat of a Nuclear Option (coauthored with Henrik
Orzen and Franziska Heinicke)

 

Abstract:

This paper addresses bargaining with a nuclear option. Players with access
to such an option have the power to cause enormous damage to their
negotiation partners. Figurative nuclear options are available in many
important real-world settings and, being the ultimate threat, are often seen
as effective in putting maximal pressure on the other party and as possibly
efficiency-improving. On the other hand, since going nuclear is typically
also very costly to the nuclear-option holder herself, the credibility of a
nuclear threat may be questionable. We report the results from unstructured
one-shot bargaining experiments and examine to what extent a nuclear option
increases bargaining power, makes agreements more likely, and affects
efficiency. We find that nuclear-option holders do not generally benefit
while the other party is worse off compared to a baseline setting,
particularly when the other party is intrinsically --- i.e., save for the
nuclear threat itself --- in a strong position. Furthermore, the nuclear
option increases the number of negotiations that end in agreements that are
not efficiency-improving. Thus, the presence of a nuclear option in our
bargaining setting is overall detrimental.



 

If you are interested in meeting after the seminar (meeting slots of 30')
you can register via this link:

https://nuudel.digitalcourage.de/Nr9RLJto4QUy5V8t

 

Best regards,

Sylvia

 

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