Electronic communication media and electronic commerce have become substantial components of economic interaction. Buyers and consumers are increasingly integrated in processes of product and service specification. More and more coordination processes are conducted digitally or partly automated....

We exploit a controlled frameless laboratory experiment to study settlement negoti-ations and the plainti¤’s decision to raise a lawsuit in case of an impasse. We …nd thatgreater variance in court outcomes increases the litigation rate and lowers the settlementrate. This latter …nding goes...

Why is it that well-intentioned actions can create persistent conflicts? While norms are widely regarded as a source for cooperation,this article proposes a novel theory in which the emergence of normscan be understood as a bargaining process in which normative conflicts explain the nally...

Whether behavior converges toward rational play or fair play in repeated ultimatum games depends on which player yields first. If responders concede first by accepting low offers, proposers would not need to learn to offer more, and play would converge toward unequal sharing. By the same token,...

Die vorliegende Arbeit setzt sich einleitend mit den Möglichkeiten auseinander, Streitigkeiten, die immer wieder in typischen Konstellationen im Bauvertrag gem. §§ 650a ff BGB, den Eskalationsfeldern, auftreten, durch gesetzlich bereitgestellte Verfahren wie aber auch durch materielles...

Im Beitrag wird die Anwendbarkeit der in den Sozialwissenschaften prominenten Theorie der Rationalen Wahl auf die Erklärung von Entscheidungen zu multilokalem Wohnen diskutiert. Hierfür werden zunächst die zentralen Grundannahmen dargelegt, wonach Akteure danach streben, ihre Präferenzen und...

In this paper I analyze how debt structure and the strategic interaction betweenshareholders and creditors in the event of default a¤ect expected stock returns. By en-dogenizing shareholders decision to default, the model generates new predictions linking…rm characteristics to expected stock...