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Self-serving use of equity rules in bargaining with asymmetric outside options : conference paper
Hennig-Schmidt, Heike; Irlenbusch, Bernd; Rilke, Rainer … - 2013
We experimentally investigate the relevance of (asymmetric) outside options in ultimatum bargaining. Building on the generalized equity principle formulated by Selten (1978) we derive three different equity rules. These equity rules can explain 43% of all o ers. Our within-subject design allows...
Persistent link: https://www.econbiz.de/10010338950
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Self-serving use of equity rules in bargaining with asymmetric outside options
Hennig-Schmidt, Heike; Irlenbusch, Bernd; Rilke, Rainer … - 2013
We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options. Building on the generalized equity principle formulated by Selten (1978), we derive three different equity rules that can explain 43% of all offers. Our within-subject design further...
Persistent link: https://www.econbiz.de/10010191262
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Veto Power and Coalition Formation in the Commons : An Experiment
Willinger, Marc; Rhouma, Oussama; Puzon, Klarizze; … - 2021
We propose a five-player common-pool resource (CPR) game with endogenous coalition formation. We show that the level of … extraction from the CPR depends on the size of each coalition that is formed and on the final coalition structure. These … each stage of the coalition formation game, a randomly chosen player imposes the coalition size and selected members cannot …
Persistent link: https://www.econbiz.de/10013225633
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Power illusion in coalitional bargaining : an experimental analysis
Maaser, Nicola; Paetzel, Fabian; Traub, Stefan - In: SSRN eLibrary (2017)
weights often does not accurately reflect bargaining power. Game-theoretic predictions about payoffs and coalition formation …
Persistent link: https://www.econbiz.de/10012822445
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Reference points in renegotiations : the role of contracts and competition
Bartling, Björn; Schmidt, Klaus M. - 2012
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...
Persistent link: https://www.econbiz.de/10009571567
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Reference points in renegotiations : the role of contracts and competition
Bartling, Björn; Schmidt, Klaus M. - 2012
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...
Persistent link: https://www.econbiz.de/10009656180
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Reference points in renegotiations : the role of contracts and competition
Bartling, Björn; Schmidt, Klaus M. - 2012
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...
Persistent link: https://www.econbiz.de/10009743168
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Contracting under asymmetric information and externalities : an experimental study
Nieken, Petra; Schmitz, Patrick W. - 2020
Persistent link: https://www.econbiz.de/10012383894
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Experimental Tests of Core Theory and the Coase Theorem : Inefficiency and Cycling
Aivazian, Varouj A.; Callen, Jeffrey L.; McCracken, Susan A. - 2008
We examine experimentally the bargaining process and the final allocation of payoffs in games that differ in terms of whether or not the core exists and in the initial allocation of property rights among the players. The paper highlights the interaction between property rights, transaction costs...
Persistent link: https://www.econbiz.de/10014214347
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Chapter 62 Game theory and experimental gaming
Shubik, Martin - In: Handbook of game theory with economic applications : …, (pp. 2327-2351). 2002
This is a survey and discussion of work covering both formal game theory and experimental gaming prior to 1991. It is a useful preliminary introduction to the considerable change and emphasis which has taken place since that time where dynamics, learning, and local optimization have challenged...
Persistent link: https://www.econbiz.de/10014024483