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joint venture to bargain collectively. Our theoretical benchmark solution predicts decentralized bargaining, as only one … player has an interest in forming a joint venture. However, we observe a significant amount of collective bargaining …. Collective bargaining, when compared with decentralized bargaining, has no significant effect on the payoffs of the players in …
Persistent link: https://www.econbiz.de/10014164947
Concessions try to avoid conflict in bargaining and can finally lead to an agreement. Although they usually are seen as … attempts. We experimentally compare three protocols of concession bargaining, the normal form or static one, the one where …
Persistent link: https://www.econbiz.de/10010252385
accomplishing this split. -- ultimatum game ; wage flexibility ; wage ratchet effect ; wage bargaining ; labour market ; fair wages …
Persistent link: https://www.econbiz.de/10009578579
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...
Persistent link: https://www.econbiz.de/10014192066
We report on an experiment designed to explore whether allowing individualsto voice their anger prevents costly punishment. For this sake, weuse an ultimatum minigame and distinguish two treatments: one in whichresponders can only accept or reject the o®er, and the other in which theycan also...
Persistent link: https://www.econbiz.de/10005866528
behavior in ultimatum bargaining? To answer this question,subjects play a one-shot ultimatum game with three players (proposer …
Persistent link: https://www.econbiz.de/10005866606
We investigate experimentally whether entry costs have an impact on the evolutionof cooperation in a social dilemma game. In particular, subjects repeatedly playthe so-called takeover game with anonymous partners randomly drawn from a fixedpopulation of participants. The game represents a social...
Persistent link: https://www.econbiz.de/10005866640
Systematic experiments with distribution games (for a survey, see Roth, 1995, ) haveshown that participants are strongly motivated by fairness and efficiency considerations.This evidence, however, results mainly from experimental designs asking directly for sharingmonetary rewards. But even when...
Persistent link: https://www.econbiz.de/10005866809
To commit credibly in bargaining is crucial: In the ultimatum game with its one–sided early commitment power the … simultaneouslythe (a)symmetric Nash(1950)–bargaining solution, however, predicts (moreor less) equal shares. Relying on a continuous …
Persistent link: https://www.econbiz.de/10005866908
We examine the strategic behavior of first and second movers in a two party bargaining game with uncertain information …
Persistent link: https://www.econbiz.de/10005866971