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Due to the high costs of conflict both in theory and practice, we examine and experimentally test the conditions under … capabilities, conflicts are unavoidable because the stronger agent prefers to fight. The results of the experiment confirm that the …
Persistent link: https://www.econbiz.de/10011260837
Commitment problems are inherent to non-binding conflict resolution mechanisms, since an unsatisfied party can ignore the resolution and initiate conflict. We provide experimental evidence suggesting that even in the absence of binding contractual agreements individuals often avoid conflict by...
Persistent link: https://www.econbiz.de/10011123534
We design an experiment to examine behavior and welfare in a multi-level trust game representing a pass through … investment in an intermediated market. In a repeated game, an investor invests via an intermediary who lends to a borrower. A pre-experiment …
Persistent link: https://www.econbiz.de/10011112061