Showing 1 - 5 of 5
This paper investigates experimentally how organisational decision processes affect the moral motivations of actors inside a firm that must forego profits to reduce harming a third party. In a "vertical" treatment, one insider unilaterally sets the harm-reduction strategy; the other can only...
Persistent link: https://www.econbiz.de/10010547180
We propose a simple mechanism that implements the Ordinal Shapley Value (Prez-Castrillo and Wettstein [2005]) for economies with three or less agents.
Persistent link: https://www.econbiz.de/10010547131
We propose a new solution concept to address the problem of sharing a surplus among the agents generating it. The problem is formulated in the preferences-endowments space. The solution is defined recursively, incorporating notions of consistency and fairness and relying on properties satisfied...
Persistent link: https://www.econbiz.de/10010547173
In this paper, we suggest a simple sequential mechanism whose subgame perfect equilibria give rise to efficient networks. Moreover, the payoffs received by the agents coincide with their Shapley value in an appropriately defined cooperative game.
Persistent link: https://www.econbiz.de/10010547440
We use experiments to study the efficiency effects for a market as a whole of adding the possibility of forward …
Persistent link: https://www.econbiz.de/10010547195