game by a third stage allowing the party with the lower contribution to transfer some of its periodic gain to the other …

comparison of two treatments with and without the ex post redistribution stage in which both players may voluntarily transfer … their payoffs earned in the game to the other player. We find that (1) the transfer opportunity raises the probability of … coordination on an efficient equilibrium, (2) a transfer from player 1 to player 2 is positive, and is higher when player 2 chooses …

used without grossly violating the validity of the analysis. We therefore do a simulation study to assess the properties …