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We auction scarce rights to play the Proposer and Responder positions in ultimatum games. As a control treatment, we … randomly allocate these rights and charge exogenous participation fees. These participation fee sequences match the auction … to a session-specific Nash equilibrium, and auction prices emerge supporting this equilibrium by the principle of forward …
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This paper uses data from a natural experiment to compare two institutions: a simple English auction and bilateral … between bargaining skills and an ability to make profit at the auction …
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