bargaining among any group of agents results in an efficient distribution of the surplus they can produce. We also provide some …

bargaining among any group of agents results in an efficient distribution of the surplus they can produce. We also provide some …

requirements or cutting pay. We model this effect as a multi-period principal-agent problem with hidden information, and study its …

Previous studies have found evidence of a self-serving bias in bargaining and dispute resolution. We use experimental … data to test for this effect in a simulated labor relatonship. We find a consistent discrepancy between employer beliefs …

consequence, even though firms in our experiment tended to compress wages when wages became public information, this did not raise …