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Social interaction and negotiation outcomes: An experimental approach

Autores

BRAÑAS GARZA, PABLO ERNESTO, Cabrales A. , Mateu G. , Sánchez A. , Sutan A.

Publicación externa

No

Medio

J. Behave. Exp. Econ.

Alcance

Article

Naturaleza

Científica

Cuartil JCR

Cuartil SJR

Impacto JCR

1.6

Impacto SJR

0.704

Fecha de publicacion

01/02/2023

ISI

000892370100001

Scopus Id

2-s2.0-85142151093

Abstract

We study experimentally the impact of pre-play social interactions on negotiations. We isolate the impact of several common components of interactions: conversations, food, and alcoholic or non-alcoholic beverages. Participants perform a standardized (complex or simple) negotiation under six conditions: without interaction; interaction only; and interactions with water, wine, water and food, and wine and food. We find that none of the treatments improves the outcomes over the treatment without interactions. We also study trust and reciprocity, where we find the same lack of superiority of interaction. JEL numbers: : C91, M11, I18 © 2022

Palabras clave

Alcohol; Business meals; Negotiation; Social interactions; Trust

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