This paper offers an empirical analysis of the relationship between income sharing rules and physician heterogeneity in medical group practices.The economies to group formation associated with risk-sharing, mutual monitoring,and internal referral are served by sharing at least a portion of group...

A growing body of field and experimental literature provides considerable evidence that individuals may adopt self-governing institutions that enable conflict resolution. This paper examines this issue by exploring the role of heterogeneity in individuals' production capabilities and past...

"This paper provides an experimental analysis of bargaining under imperfect information, molded by the circumstances found in oil field unitization. The purpose of the study is two-fold. One purpose is to provide a more in-depth analysis of how information affects bargained shares and...

"This paper offers an empirical analysis of the relationship between income sharing rules and heterogeneity in medical group practices. The economies to group formation associated with risk sharing, mutual monitoring, and internal referral are served by sharing at least a portion of group income...

Experimental methods are used to study two central components of an incomplete contract: the ex-post process of negotiation, which fixes contract terms and surplus shares in response to stochastic shocks, and the ex-ante process of transaction-specific investment in anticipation of future...