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We study a seller's optimal mechanism for maximizing revenue when the buyer may present evidence relevant to the buyer's value, or when different types of buyer have a differential ability to communicate. We introduce a dynamic bargaining protocol in which the buyer first makes a sequence of...
Persistent link: https://www.econbiz.de/10009246715
A speaker attempts to persuade a listener to accept a request by presenting evidence. A persuasion rule specifies what evidence is persuasive. This paper compares static and dynamic rules. We present a single linear program (i) whose solution corresponds to the listener's optimal dynamic rule...
Persistent link: https://www.econbiz.de/10010738407
We study how participation in decision processes shapes people's behavior towards impartial authorities. In an incentivized laboratory experiment, an impartial decision maker at first decides about the allocation of money between two subordinates. Treatments differ in the opportunity for one...
Persistent link: https://www.econbiz.de/10010740227
communication treatments, in which one of the stakeholders states his or her opinion prior to the allocation decision, to a baseline … without communication opportunities. We find that stakeholders who state their opinion in the communication treatments are …
Persistent link: https://www.econbiz.de/10010751924
We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value. We show that a condition very close to transparency of buyer segments is necessary and sufficient for the optimal mechanism to be deterministic--hence akin to classic third...
Persistent link: https://www.econbiz.de/10010777681
willingness to pay for ex-ante communication, however (experiment 2). …
Persistent link: https://www.econbiz.de/10010781566
to accept. Communication is limited in that the arguments available to the speaker depend on her information. Optimality …
Persistent link: https://www.econbiz.de/10005747298