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Virtual vs. Standard Strike : An Experiment
Innocenti, Alessandro; Nicita, Antonio - 2009
In this paper we compare - in the laboratory - stoppage and virtual strike. Our experiment confirms that higher wages … average total payoffs are higher under virtual strike than under standard strike. However, when standard strike is associated … than virtual strike. It is unclear whether this behavior reflects reciprocity or other forms of social preferences. However …
Persistent link: https://www.econbiz.de/10014204503
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Bargaining with Voluntary Transmission of Private Information : An Experimental Analysis of Final Offer Arbitration
Pecorino, Paul - 2020
In Final Offer Arbitration, both parties submit a proposal to an arbitrator. In the event the parties cannot reach a negotiated settlement, the arbitrator chooses the submitted proposal that is closest to her preferred settlement. In such a model, asymmetric information can lead to costly...
Persistent link: https://www.econbiz.de/10012830040
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A Simple Bargaining Mechanism that Elicits Truthful Reservation Prices
Brams, Steven J.; Kaplan, Todd R.; Kilgour, D. Marc - 2012
We describe a simple 2-stage mechanism whereby for two bargainers, a Buyer and a Seller, it is a weakly dominant strategy to report their reservation prices in the 1st stage. If the Buyer reports a higher price than the Seller, then the referee announces that there is the possibility for trade,...
Persistent link: https://www.econbiz.de/10014043989
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Negotiation under possible third party settlement.
Birkeland d.y., Sigbjørn - Institutt for samfunnsøkonomi, Norges Handelshøyskole … - 2010
The effect of possible third party settlement on negotiation behaviour is studied in an economic bargaining experiment. The bargaining phase is preceded by a production phase that allows for different fairness principles to guide the division of the total production value. The experimental...
Persistent link: https://www.econbiz.de/10009019280
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Effects of exclusion on acceptance in ultimatum games
Fischer, Sven; Güth, Werner - In: Journal of Economic Psychology 33 (2012) 6, pp. 1100-1114
In three-party ultimatum games, the proposer can first decide whether to exclude one responder, which increases the available pie. The experiments control for intentionality of exclusion and veto power of the third party. We do not find evidence for indirect reciprocity of the remaining...
Persistent link: https://www.econbiz.de/10011051321
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On the impact of quotas and decision rules in ultimatum collective bargaining
Feicht, Robert; Grimm, Veronika; Rau, Holger A.; … - 2015
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/10011387570
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Discoordination and miscoordination caused by sunspots in the laboratory
Siebert, Jan; Yang, Guanzhong - 2017
This paper combines two strands of the experimental sunspot literature. It extends the rare literature that focuses experimentally on the coordination problems caused by sunspot variables. It also extends the literature that focuses on coordination games that have a payoff-dominant and a...
Persistent link: https://www.econbiz.de/10011662394
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No extension without representation? : evidence from a natural experiment in collective bargaining
Hijzen, Alexander; Martins, Pedro S. - 2016
In many countries, notably across Europe, collective bargaining coverage is enhanced by government-issued extensions that widen the reach of collective agreements beyond their signatory parties to all firms and workers in the same sector. This paper analyses the causal impact of such extensions...
Persistent link: https://www.econbiz.de/10011532434
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Employment duration and resistance to wage reductions : experimental evidence
Burda, Michael C.; Güth, Werner; Kirchsteiger, Georg; … - 1998 - Rev.
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don’t employers simply force their employees to accept lower wages as well? As an...
Persistent link: https://www.econbiz.de/10009578579
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Procedural satisfaction matters : procedural fairness does not ; an experiment studying the effects of procedural judgments on outcome acceptance
Mertins, Vanessa - 2008
By reporting data from a laboratory experiment, we provide clear evidence that people value procedures apart from their effects on consequences. We implement a game with one proposer who has distributive power over a pie and four responders who can invest in resistance against the proposer's...
Persistent link: https://www.econbiz.de/10009373722