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This paper presents an experiment performed to test the properties of an innovativebargaining mechanism (called automated negotiation) used to resolve disputes arising fromInternet-based transactions. The main result shows that the settlement rule tends to chillbargaining as it creates...
Persistent link: https://www.econbiz.de/10010750512
Conciliation). The two mechanisms are also compared with a negotiation without arbitration. We observe that the ROC mechanism seems …We run a series of experiments to compare the well known arbitration scheme FOA (Final Offer Arbitration) with a new … arbitration scheme, non compulsory, we proposed in a companion paper (Tanimura and Thoron (2008)): ROC (Recursive Offer …
Persistent link: https://www.econbiz.de/10008924979
efficiency. This conclusion is consistent with the experimental results on arbitration and the well-known chilling effect …
Persistent link: https://www.econbiz.de/10008789255
Automated negotiation process seems to be a powerful mechanism to resolve disputes arising from Internet-based transactions. Automated negotiation is an online blind-bidding process in which an automated algorithm evaluates bids from the parties and settles the case if the offers are within a...
Persistent link: https://www.econbiz.de/10008791155
This paper investigates the impact of family control on French acquirers' performance.We consider a sample of 239 acquisitions undertaken by French listed companies between January 1997 and December 2006. Comparing both, short-termand long-termperformance,we find that family-controlled firms...
Persistent link: https://www.econbiz.de/10010700267
This paper applies to adverse selection theory the advances made in the field of ambiguity theory. It shows that i) a relevant second-best contract induces no production distortion considering the efficient agent as in the standard case. But the principal has to pay a higher information rent...
Persistent link: https://www.econbiz.de/10010734227
The purpose of this study is to introduce the board of directors as a signal of firm quality to abate information asymmetry. This study is based on agency theory and signaling theory to suggest that the existence of properly structured board at the time of the IPO may signal high firm quality to...
Persistent link: https://www.econbiz.de/10008792500
This paper deals with contractual design and vertical relationships within a franchise chain, in the field of the literature on share contracts. Within a double-sided moral hazard, the contract sharing the profit generated by the vertical decentralized structure results from the necessity to...
Persistent link: https://www.econbiz.de/10008793502
In this contribution, we investigate the effects of observation-only and observation with feedback from a third-party, in a one-shot dictator game (DG). In addition to a baseline condition (DG), a third-party anonymous subject is introduced who either silently observes or observes and gives...
Persistent link: https://www.econbiz.de/10010933141
This paper provides a game-theoretical analysis of the use by athletes of performance-enhancing drugs. We focus on a two-player game where players are heterogeneous and performances are subject to uncertainty. While the standard setup assumes these drugs increase maximum performances, we assume...
Persistent link: https://www.econbiz.de/10010933942