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This article reports on an experiment that is designed to test predictions about the frequency of disagreement (strikes) in games with complete information. An empirical test of the "joint-cost" theory, which relates strike activity to the marginal cost of striking, is based on a set of...
Persistent link: https://www.econbiz.de/10005781422
This article presents the results of an experimental study investigating the problem of allocating heterogeneous indivisible objects using market-like mechanisms. The object of study is the market for professional baseball players in their free-agent year. The authors investigate both the...
Persistent link: https://www.econbiz.de/10005781350