Firm fixed-price contract (FFP) Firm fixed-price contracts are used in situations where the buyer pays the seller a fixed amount, regardless of whether extra costs are incurred or more resources are required in the course of the transaction. ...
4. Experimental Results The efficiency of the bargaining that took place during the game, based on the mean final round needed to achieve an agreement, is shown in Table 3, which shows that the students needed fewer rounds to reach an agreement in the symmetric treatment (2.00) compared to ...