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character. The grand coalition was always the efficientcoalition,whereas the values of the 2-personcoalitions are varied such … that they lead to an efficiency loss inthe range of6.7 up to 30 percent. Furthermore, the 2-person coalition implies social … huge majority of proposers choosethe inefficient and unfair 2-person coalition. Proposer inducedefficiencylosses vary …
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)The coalition decision, (ii) proposers' demand behavior in 2- and 3-personultimatum subgames, and (iii) theresponders' behavior in …
Persistent link: https://www.econbiz.de/10011301151
This paper reports the results of experiments involving a 3-person coalition formation game with an ultimatum … bargaining character. The grand coalition was always the efficient coalition decision, whereas the values of the 2-person … coalition implies social exclusion, since the not chosen member always receives a payoff of zero. Consistent with results …
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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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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