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Information, Uncertainty, and Subjective Entitlements in Bargaining
Karagözoğlu, Emin - 2010
More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...
Persistent link: https://www.econbiz.de/10013139800
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Information, Uncertainty, and Subjective Entitlements in Bargaining
Karagözoğlu, Emin - 2010
More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...
Persistent link: https://www.econbiz.de/10013139946
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Information, uncertainty, and subjective entitlements in bargaining
Karagözoğlu, Emin; Riedl, Arno - 2010
More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...
Persistent link: https://www.econbiz.de/10003994177
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Information, uncertainty, and subjective entitlements in bargaining
Karagözoğlu, Emin; Riedl, Arno - 2010
More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...
Persistent link: https://www.econbiz.de/10008779187
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Bargaining with a residual claimant : an experimental study
Embrey, Matthew; Hyndman, Kyle; Riedl, Arno - 2014
the intuition that risk exposure is detrimental, we show that residual claimants are able to extract a risk premium, which … is increasing in risk exposure. In some cases the premium is so high that it is advantageous to bargain over a risky pie … rather than a risk-less pie. Contrary to theory, the comparatively less risk adverse residual claimants benefit the most …
Persistent link: https://www.econbiz.de/10010438024
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Public Goods Provision and Sanctioning inPrivileged Groups
Reuben, Ernesto; Riedl, Arno - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
In public good provision, privileged groups enjoy the advantage that some of its membersfind it optimal to supply a positive amount of the public good. However, their inherentasymmetric nature may make the enforcement of cooperative behavior through informalsanctioning harder to accomplish...
Persistent link: https://www.econbiz.de/10005862586
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In Search of Stars: Network Formation among Heterogeneous Agents
Ule, Aljaž; Goeree, Jacob K.; Riedl, Arno - 2007
This paper reports results from a laboratory experiment on network formation among heterogeneous agents. The experimental design extends the Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by allowing for agents with lower linking costs or higher benefits to...
Persistent link: https://www.econbiz.de/10010312556
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Dividing Justly in Bargaining Problems with Claims: Normative Judgments and Actual Negotiations
Gächter, Simon; Riedl, Arno - 2004
Theoretical research on claims problems has concentrated on normative properties and axiomatizations of solution concepts. We complement these analyses by empirical evidence on the predictability of three classical solution concepts in a bankruptcy problem. We examine both people's impartial...
Persistent link: https://www.econbiz.de/10010262122
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Institution formation in public goods games
Kosfeld, Michael; Okada, Akira; Riedl, Arno - 2006
Centralized sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing outcomes that maximize group welfare in social dilemma situations. However, little is known about how such institutions come into existence. In this paper we investigate, both...
Persistent link: https://www.econbiz.de/10010263974
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Public goods provision and sanctioning in privileged groups
Reuben, Ernesto; Riedl, Arno - 2007
In public good provision, privileged groups enjoy the advantage that some of its members find it optimal to supply a positive amount of the public good. However, their inherent asymmetric nature may make the enforcement of cooperative behavior through informal sanctioning harder to accomplish....
Persistent link: https://www.econbiz.de/10010264181