<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=us-ascii"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--></head><body lang=DE-AT link="#467886" vlink="#96607D" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Dear members and friends of the VCEE,<br><br>You are invited to attend the VCEE seminar on Friday January 17, 2025, from 10:30 to 12:00 hrs Vienna time. <br><br>The seminar takes place in <b>seminar room 15 <i>(3<sup>rd</sup> floor) at Oskar-Morgenstern-Platz 1.<span style='color:red'><br></span></i></b><br>We will have one speaker: Wladislaw Mill (University of Mannheim)<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'>Webpage: <a href="https://www.google.com/url?q=https://sites.google.com/view/wladislawmill&sa=D&source=calendar&usd=2&usg=AOvVaw2knKUlPYHM7qT-mUjmL4Tb" target="_blank">https://sites.google.com/view/wladislawmill</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'><br></span><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Here is more information about the talk:<o:p></o:p></span></p><p style='margin:0cm'><b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Title: </span></b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p></o:p></span></p><p style='margin:0cm'><span class=jtukpc><b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Bargaining Under the Threat of a Nuclear Option </span></b></span><span class=jtukpc><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif'>(coauthored with Henrik Orzen and Franziska Heinicke)</span></span><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p></o:p></span></p><p style='margin:0cm'><b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></b></p><p style='margin:0cm'><b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Abstract:</span></b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:12.0pt'><span lang=EN-GB style='font-family:"Calibri",sans-serif;mso-ligatures:none;mso-fareast-language:DE-AT'>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.</span><span lang=EN-GB style='font-family:"Calibri",sans-serif'><o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>If you are interested in meeting after the seminar (meeting slots of 30’) you can register via this link:<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'><a href="https://nuudel.digitalcourage.de/Nr9RLJto4QUy5V8t">https://nuudel.digitalcourage.de/Nr9RLJto4QUy5V8t</a><o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Best regards,<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Sylvia<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p></div></body></html>