Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their …

-only auction (discouraging early information exchange) and bilateral negotiations with a preselected seller (reducing competition …). Bilateral negotiations are superior if potential design improvements are important, if renegotiation is particularly costly, and … if the buyer's bargaining position is strong. Moreover, negotiations provide stronger incentives for sellers to …

of fixed bargaining costs). Augmenting the protocol with unilateral exit options for responding bargainers generally …

Weitzman (2014) proposed that focusing international climate negotiations on a uniform carbon price is more effective … than Paris style negotiations in achieving ambitious climate action. We put this hypothesis to an experimental test by … simulating international negotiations on climate change in collaboration with Model United Nations associations. This novel …

a public good. Subjects differ in their benefits and costs of cooperation. Participation in the negotiations and all … negotiated. The success of such negotiations depends on how they are designed. In the context of international climate change …