Aivazian, Varouj A.; Callen, Jeffrey L.; McCracken, Susan - In: Journal of Law and Economics 52 (2009) 4, pp. 745-759
We examine experimentally the bargaining process and the final allocation of payoffs in games that differ in terms of whether the core exists and in the initial allocation of property rights among the players. This paper highlights the interaction among property rights, transaction costs, and...