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This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes …. In equilibrium fairness matters because of market frictions. But, when these frictions become negligible, the equilibrium …
Persistent link: https://www.econbiz.de/10012648091
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes …. In equilibrium fairness matters because of market frictions. But, when these frictions become negligible, the equilibrium …
Persistent link: https://www.econbiz.de/10012587476
the principal when deciding on a reciprocating action. We employ a controlled experiment to investigate how intentions and …
Persistent link: https://www.econbiz.de/10014476124
Persistent link: https://www.econbiz.de/10000883941
Persistent link: https://www.econbiz.de/10003529951
Persistent link: https://www.econbiz.de/10003529782
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") makes decisions that affect payoffs of others ("principals") who are inactive. As the principals have a stake in the agents' decisions they face an incentive to offer payments in order to...
Persistent link: https://www.econbiz.de/10011455866
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10011668556
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect the payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10012102977
experiment compares one-shot and indefinite horizon versions of random-proposer majority bargaining (the Baron-Ferejohn game …
Persistent link: https://www.econbiz.de/10011762571