and economically important impact on renegotiation behavior that goes beyond the effect of contracts on bargaining … threatpoints. We compare situations in which an initial contract is renegotiated to strategically equivalent bargaining situations … lower than in strategically equivalent bargaining situations without an initial contract. Moreover, buyers are more likely …

bargaining threat points. We compare situations in which an initial contract is renegotiated to strategically equivalent … bargaining situations in which no ex ante contract was written. The ex ante contract causes sellers to ask for markups that are … 45% lower than in strategically equivalent bargaining situations without an initial contract. Moreover, buyers are more …

inform the debate on the fairness of market outcomes by showing that the use of a competitive procedure can, by itself …

inform the debate on the fairness of market outcomes by showing that the use of a competitive procedure can, by itself …

ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process …. We conduct an experimental voting game in which decision makers vote about the allocation of money between themselves and … recipients without voting rights. We measure responsibility attributions for voting decisions by eliciting the monetary …