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learning throughout the experiment. Learning is higher for games with monotonic equilibria. Finally, we find that deviations …
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We experimentally compare two well-known mechanisms inducing the Shapley value as an ex ante equilibrium outcome of a noncooperative bargaining procedure: the demand-basedWinter's demand commitment bargaining mechanism and the offer-based Hart and Mas-Colell procedure. Our results suggest that...
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between the realized allocation and the Shapley value. Our experiment shows that H-MC not only results in significantly …
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