Showing 1 - 10 of 390
We conduct an experiment in which subjects play an ultimatum game but, rather than bargaining over money, they bargain over lottery tickets for a prize. Compared to the standard ultimatum game, proposers offer a significantly lower percentage of lottery tickets, which is inconsistent with either...
Persistent link: https://www.econbiz.de/10012828297
We collected and analyzed the data sets of all majoritarian Baron and Ferejohn (1989 Am. Pol. Sci. Rev.) experiments through 2018. By exploiting the variation of experimental parameters such as group size and discount factor we are able to test whether or not the theoretical point predictions...
Persistent link: https://www.econbiz.de/10012840441
When lawsuits are resolved out of court, what determines the settlement price? This article uses a laboratory simulation and path analysis to estimate the relative importance of measurable variables in determining who wins the battle for the cooperative surplus. In the simulated negotiation...
Persistent link: https://www.econbiz.de/10013151165
In reverse auctions, buyers often retain the right to bargain further concessions from the winner. The optimal form of such procurement is an English auction followed by an auctioneer's option to engage in ultimatum bargaining with the winner. We study behavior and performance in this...
Persistent link: https://www.econbiz.de/10013098499
We develop a theory of negotiation in which deals have multiple dimensions that can be bundled together. We use theory and experiments to show that in such settings efficient trade is possible even with substantial asymmetric information. The benefits of identifying areas of mutual gain guide...
Persistent link: https://www.econbiz.de/10012852563
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well understood. We study cooperation under different monitoring...
Persistent link: https://www.econbiz.de/10012908872
We study a giver's generosity depending on her relationship with the recipient and the observer. We assign different group identities to the players using a variation of the minimum group paradigm, and test the effect of group memberships on altruistic giving in the dictator game with a passive...
Persistent link: https://www.econbiz.de/10012866606
We study strategic interaction in an experimental social-preferences vacuum chamber. We mute social preferences by letting participants knowingly interact with computers. Our new design allows for indirect strategic interaction: there are several waves in which computer players inherit the...
Persistent link: https://www.econbiz.de/10012612955
We conduct multi-person one-shot ultimatum games that reflect important aspects of collective bargaining. In all treatments a proposer has to divide a pie among herself and two groups of three recipients each. She cannot discriminate within, but across groups. A committee with representatives...
Persistent link: https://www.econbiz.de/10013011168
We report experimental data from bargaining situations where bargainers can make proposals as often and whenever they want, and can communicate via written messages. We vary the set of feasible contracts, thereby allowing us to assess the focality of three properties of bargaining outcomes:...
Persistent link: https://www.econbiz.de/10013012261