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Many real-life applications of house allocation problems are dynamic. For example, inthe case of on-campus housing for college students, each year freshmen apply to move inand graduating seniors leave. Each student stays on campus for a few years only. A studentis a \newcomer" in the beginning...
Persistent link: https://www.econbiz.de/10009022173
The Shapley value of a cooperative transferable utility game distributes the dividendof each coalition in the game equally among its members. Given exogenous weightsfor all players, the corresponding weighted Shapley value distributes the dividendsproportionally to their weights. In this...
Persistent link: https://www.econbiz.de/10005866535
The variable threat-bargaining model of Nash (1953) assumes that threats in the senseof binding commitments as to what one will do if bargaining ends in conflict, are chosenbefore bargaining. By comparison, late threats to be chosen after bargaining end in conflict,appear more natural and would...
Persistent link: https://www.econbiz.de/10005867010
During the last three decades the ascent of behavioral economics clearly helped tobring down artificial disciplinary boundaries between psychology and economics.Noting that behavioral economics seems still under the spell of the rational choicetradition – and, indirectly, of behaviorism – we...
Persistent link: https://www.econbiz.de/10005866402
In line with the widely applied principle of just deserts, we assume that the severityof the penalty on a contract offender increases in the harm on the other. Whenthis principle holds, the influence of the efficiency of the agreement on the incentivesto abide by it crucially depends on whether...
Persistent link: https://www.econbiz.de/10005866436
We experimentally investigate how affective processes influence proposers’and responders’ behaviour in the Ultimatum Game. Using a dualsystemapproach, we tax cognitive resources through time pressure andcognitive load to enhance the influence of affective processes on behaviour.We find that...
Persistent link: https://www.econbiz.de/10005866456
We report on an experiment designed to explore whether allowing individualsto voice their anger prevents costly punishment. For this sake, weuse an ultimatum minigame and distinguish two treatments: one in whichresponders can only accept or reject the o®er, and the other in which theycan also...
Persistent link: https://www.econbiz.de/10005866528
The study of gender differences in social preferences has shown mixedresults, preventing economists and other social scientists from drawingdefinitive conclusions on this topic. Several original investigations andexperimental reviews have hypothesized that the main reason of this heterogeneityof...
Persistent link: https://www.econbiz.de/10005866566
Can two negotiators fail to agree when both the size of the surplus and the rationalityof the negotiators are common knowledge? We show that the answer is affirmative.When the negotiators can make irrevocable commitments at a low but positive cost,the unique symmetric equilibrium entails...
Persistent link: https://www.econbiz.de/10005866588
Does geographic distance or the perceived social distance between subjects significantlyaffect proposer and responder behavior in ultimatum bargaining? To answer this question,subjects play a one-shot ultimatum game with three players (proposer, responder, and apassive dummy player) and...
Persistent link: https://www.econbiz.de/10005866606