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The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting …
Persistent link: https://www.econbiz.de/10011852503
by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining … mechanisms: unstructured bargaining, the Texas shoot-out, and a K + 1 auction. We find that the K +1 auction is the most e¢ cient … mechanism, which is in line with theory. Free format bargaining yields a surprising number of disagreements, which are not …
Persistent link: https://www.econbiz.de/10014380287
-person bargaining game where the other party's gender is known to both actors. We find that (1) gender per se has no significant effect … and retaliation and, thus, lower efficiency when the bargaining partners have the same gender than when they have the …
Persistent link: https://www.econbiz.de/10010293381
than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …In his classic article An Essay on Bargaining Schelling (1956) argues that ignorance might actually be strength rather …
Persistent link: https://www.econbiz.de/10010282588
/2; if neither offer falls into the interval, there is no settlement. Comparisons are made with other bargaining mechanisms …
Persistent link: https://www.econbiz.de/10014043989
We let students play a corruption game, embedded into a variant of the ultimatum game. Those allotted the role of public servants chose between whistleblowing, opportunism and reciprocity by delivery (of a contract) and those acting as businesspeople chose how to frame the game and whether to...
Persistent link: https://www.econbiz.de/10009425287
Persistent link: https://www.econbiz.de/10003710697
telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling …
Persistent link: https://www.econbiz.de/10010293415
Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with...
Persistent link: https://www.econbiz.de/10010269558
Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to …
Persistent link: https://www.econbiz.de/10010271236