The influence of information structure on the transforming process of bargaining power: Based on game experiment

Information structure has a profound influence on games of any kind, so dose on bargaining game. The purpose of this paper is to reveal the influencing effects of information structure on the process of inherent bargaining power to be transformed into actual bargaining power. The results of the game experiment indicate that three typical information types, which are alternative resources, personal utility and market average price, have a significant influence on the bargaining power transforming process. However, the influencing effects of the three information types are significantly different.