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In conducting experiments with multiple trials, outcomes from previous trials can impact on current behavior. One of the most obvious cases in which this can happen, and the case considered in this paper, is in an auction market experiment, where earnings from previous auction trials alter cash...
Persistent link: https://www.econbiz.de/10005328601
We investigate the Baron and Ferejohn (1989) noncooperative game theoretic bargaining model of legislative equilibrium. Legislative outcomes are sensitive to formal rules specifying who may make proposals and how they will be voted on. With a random proposal recognition rule and a closed...
Persistent link: https://www.econbiz.de/10005328736
This paper reports an experiment involving two mechanisms that allocate a single unit of an indivisible private good among two players, at no cost to either of them. Both mechanisms, proposed by Moore (1992) and Perry and Reny (1999), are compared in terms of their relative performance to assign...
Persistent link: https://www.econbiz.de/10005699651