Bargainers with more power secure bigger slice of gains
The study investigated bargaining when both sides lack full information. They analyzed a bargaining model without certain restrictions and found that the key outcomes remained consistent. Bargaining often continues for a set number of rounds, determined within the negotiation. The results showed that individuals with more bargaining power tend to claim a larger portion of the benefits. In this model, there isn't only one final agreement, but the scenario is realistic.