Demands and concessions in a multi-stage bargaining process are shaped by the probabilities that each side will prevail in an impasse. Standard game-theoretic predictions are quite sharp: demands are pushed to the precipice with nothing left on the table, but there is no conflict regardless of...

Physical lab experiments have played an instrumental role in sculpting the history of experimental economics, facilitating controlled information conditions, efficient monetary inducements, and exclusive advantages via immediate human interaction and engaging experiences. These unique benefits...

This paper represents a synthesis and extension of earlier work, applying the Lehr & Sicker (2018a,b) regulatory approach to the layered platform model of Claffy & Clark.3 Today's Internet ecosystem is comprised of multiple digital network platforms organized into a multi-layer architecture....

This paper addresses the question of what should be meant by the phrase the Internet, or equivalently, the public Internet. Since its origins in the 1960s, the Internet has changed significantly in terms of the networks and technologies, services that are supported, and industry players who...

In a model of simultaneous voting, Feddersen and Pesendorfer (1998) consider the possibility that jurors vote strategically, rather than sincerely reflecting their individual information. This results in the counterintuitive result that a jury is more likely to convict the innocent under a...

Motivated by a popular perception that Roth accounts are welfare-improving for most people, this paper compares the effects of mandated Traditional (tax-deferred) or Roth (taxprepaid) retirement policies in a controlled laboratory setting. Selection effects, which complicate analyses of...

A core responsibility of a central bank is to ensure financial stability by acting as the "lender of last resort" through its Discount Window. The Discount Window, however, has not been effective because its usage is stigmatized. In this paper, we study experimentally how such stigma can be...