Title

Bargaining in the Shadow of the Law: A Testable Model of Strategic Behavior

Document Type

Article

Publication Date

6-1982

ISSN

1537-5366

Publisher

The University of Chicago Press

Language

en-US

Abstract

Part I describes the framework of the model. Part II discusses the domination of psychological effects by tangible variables, which is the basis for comparative statics. Part III explains the table of predictions, and Part IV applies the predictions to externalities and rules for real-locating payoffs from trial. There is little mathematics in the text. The mathematical reader can refer to the Appendix for a brief presentation of our model, or to a companion paper on file with this Journal which develops the mathematics at length.

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