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Does Resorting to Online Dispute Resolution Promote Agreements? Experimental Evidence

Gabuthy, Yannick; Marchand, Nadège - EconWPA - 2004

This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …

Persistent link: https://www.econbiz.de/10005408220

A Model of Bargaining with the Possibility of Arbitration

Manzini, Paola; Mariotti, Marco - EconWPA - 1997

We consider an alternating offer bargaining model in which the players may agree to call in an arbitrator in case of … this result both for theories of arbitration and for the interpretation of cooperative bargainining solutions. …

Persistent link: https://www.econbiz.de/10005407526

Market Dynamics in Edgeworth Exchange

Gjerstad, Steven - EconWPA - 2004

direction for development of an Edgeworth exchange bargaining model. …

Persistent link: https://www.econbiz.de/10005077054

Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing

Nicolaisen, James; Petrov, Valentin; Tesfatsion, Leigh - EconWPA - 2000

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market operating in the short run under systematically varied concentration and capacity conditions. The pricing of electricity is determined by means of a clearinghouse double auction...

Persistent link: https://www.econbiz.de/10005412999

The Strategic Impact of Pace in Double Auction Bargaining

Gjerstad, Steven - EconWPA - 2003

This paper evaluates performance of human subjects and instances of a bidding model that interact in continuous time double auction experiments. Asks submitted by instances of the seller model (``automated sellers'') maximize the seller's expected surplus relative to a heuristic belief...

Persistent link: https://www.econbiz.de/10005413252

A Double Auction Market with Signals of Varying Precision

Plat, Carl - EconWPA - 2005

A computerized double auction market with human traders is employed to examine the relation of price and volume under conditions of asymmetric information. In this market, the informed traders receive higher precision signals than the uninformed traders. The relation of price and volume has been...

Persistent link: https://www.econbiz.de/10005556681

Price Formation in Double Auctions

Gjerstad, Steven; Dickhaut, John - EconWPA - 2003

We develop a model of information processing and strategy choice for participants in a double auction. Sellers in this model form beliefs that an offer will be accepted by some buyer. Similarly, buyers form beliefs that a bid will be accepted. These beliefs are formed on the basis of observed...

Persistent link: https://www.econbiz.de/10005561817

The Edgeworth exchange formulation of bargaining models and market experiments

Gjerstad, Steven; Shachat, Jason - EconWPA - 2003

We construct Edgeworth exchange economies equivalent to demand and supply environments typically used in bargaining …

Persistent link: https://www.econbiz.de/10005561849

The Role of Incentives for Opening Monopoly Markets: Comparing GTE and RBOC Cooperation with Local Entrants

Mini, Federico - EconWPA - 1999

arbitration awards to both GTE and the RBOC in that state (perhaps because a state commission is reluctant to treat the incumbent …

Persistent link: https://www.econbiz.de/10005412964

Necessary Conditions for Improving Civic Competence: A Scientific Perspective

Lupia, Arthur - EconWPA - 2005

Many attempts to increase civic competence are based on premises about communication and belief change that are directly contradicted by important insights from microeconomic theory and social psychology. At least two economic literatures are relevant to my effort to improve matters. One is the...

Persistent link: https://www.econbiz.de/10005125964