Bargaining Mechanisms Reveal Tradeoffs Between Efficiency and Commitment
The article discusses different ways people negotiate deals over time. It looks at how certain types of negotiation methods can be fair and make sure everyone wants to participate. The researchers found that it's hard to make sure a negotiation is fair for everyone when they're not sure if they should make a deal right away. They also discovered that sometimes it's better for both sides to negotiate one after the other instead of all at once, depending on who would lose more by waiting.