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In this paper we analyse contributions to a public good within an inter-generational framework where at the end of each session one generation of subjects leave advice for the succeeding generation via free form messages. Such advice can be private (advice left by one player in generation t is...
Persistent link: https://www.econbiz.de/10005342167
In this paper we analyse contributions to a public good within an inter-generational framework where at the end of each session one generation of subjects leave advice for the succeeding generation via free form messages. Such advice can be private (advice left by one player in generation is...
Persistent link: https://www.econbiz.de/10005702612
The importance of infrastructure for growth is well established in the macroeconomic literature. Previous research has treated public investment in infrastructure as exogenous. We remedy this shortcoming by providing a political economy analysis of infrastructure choice based upon consumer...
Persistent link: https://www.econbiz.de/10005702622
Shelling (1960) among others have argued that contributions to public goods may be larger if people spread their contributions and give one small contribution at a time. Examining a threshold public good environment, Marx and Matthews (2000) show that multiple rounds may secure a provision level...
Persistent link: https://www.econbiz.de/10005329025
Many commodities are such that the utility they create for individual consumers depends positively on the number of people also consuming these goods. Prominent examples among others are mobile phones, game consoles, and computer software. The customers form a network, where the size of the...
Persistent link: https://www.econbiz.de/10005342145
consists of an individual decision-making problem (firm’s choice of level of care) and a bilateral (pre-trial) bargaining … significantly higher when bargaining is performed under the split-award institution. Defendant's litigation expenses and plaintiff …
Persistent link: https://www.econbiz.de/10005702607
offers bargaining and repeated games. Despite the forces of bargaining, the negotiation game in general admits a large number … equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games …
Persistent link: https://www.econbiz.de/10005342231
-time double auction experiments. Asks submitted by instances of the seller model ("automated sellers") maximize the seller … and the automated sellers and buyers. In these experiments, prices converge and allocations converge to efficiency, yet …
Persistent link: https://www.econbiz.de/10005063604
Admati and Perry (1987) derive the equilibrium in a bargaining game between a seller and buyer when the buyer … equilibrium for this bargaining game with asymmetric information and outside options. It turns out that giving the seller an …
Persistent link: https://www.econbiz.de/10005063605
We consider a model of bargaining by concessions where agents can terminate negotiations by accepting the settlement of …
Persistent link: https://www.econbiz.de/10005170253