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punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team …
Persistent link: https://www.econbiz.de/10010189837
We consider ultimatum bargaining over the provision of a public good. Offer-maker and responder can delegate their decisions to agents, whose actual decision rules are opaque. We show that the responder will benefit from strategic opacity, even with bilateral delegation. The incomplete...
Persistent link: https://www.econbiz.de/10013332120