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Endogenous property rights in a hold-up experiment
Erlei, Mathias; Siemer, J. Philipp - In: Metroeconomica : international review of economics 65 (2014) 2, pp. 237-270
Persistent link: https://www.econbiz.de/10010395956
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Endogenous property rights in a hold up-experiment
Erlei, Mathias; Siemer, J. Philipp - 2004 - This version: April 2004
In a hold-up experiment designed to test theoretical predictions following from Hart (1995) and deMeza/Lockwood (1998 … deviations from standard theory can be explained by positive reciprocal behavior. In this paper, we replicate the experiment by … experiment shows that the results by SOS crucially depend on the ownership structure being exogenously assigned by the …
Persistent link: https://www.econbiz.de/10010481425
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Endogenous Property Rights in a Hold up-Experiment
Erlei, Mathias; Siemer, Philipp - Institut für Wirtschaftswissenschaft, Technische … - 2004
In a hold-up experiment designed to test theoretical predictions following from Hart (1995) and deMeza/Lockwood (1998 … deviations from standard theory can be explained by positive reciprocal behavior. In this paper, we replicate the experiment by … experiment shows that the results by SOS crucially depend on the ownership structure being exogenously assigned by the …
Persistent link: https://www.econbiz.de/10005487433
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Delegation of Authority as an Optimal (In)complete Contract
Roider, Andreas - 2004
The present paper aims to contribute to the literature on the foundations of incomplete contracts by providing conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We consider a hold-up framework where both parties profit from...
Persistent link: https://www.econbiz.de/10010262045
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Contracting with Private Information
Hagedorn, Marcus - 2003
This paper adds to the current literature on incomplete contracting that argues that deviating from a complete information, transaction-cost free environment may be may generate valuable insights. We achieve this by assuming bargaining with asymmetric information. We consider the consequences of...
Persistent link: https://www.econbiz.de/10010262108
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Contracting with Private Information
Hagedorn, Marcus - Institute for the Study of Labor (IZA) - 2003
This paper adds to the current literature on incomplete contracting that argues that deviating from a complete information, transaction-cost free environment may be may generate valuable insights. We achieve this by assuming bargaining with asymmetric information. We consider the consequences of...
Persistent link: https://www.econbiz.de/10005762029
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Delegation of Authority as an Optimal (In)complete Contract
Roider, Andreas - Institute for the Study of Labor (IZA) - 2004
The present paper aims to contribute to the literature on the foundations of incomplete contracts by providing conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We consider a hold-up framework where both parties profit from...
Persistent link: https://www.econbiz.de/10005566762
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Initially contestable property rights and Coase : evidence from the lab
Friesen, Lana; Mackenzie, Ian A.; Mai Phuong Nguyen - 2022
Persistent link: https://www.econbiz.de/10013542074
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Do voluntary commitment mechanisms improve welfare? : the effect of mandatory and voluntary oaths in a social dilemma
Davis, Brent J.; Jaber-Lopez, Tarek - In: Bulletin of economic research 75 (2023) 2, pp. 525-540
Persistent link: https://www.econbiz.de/10014304738
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Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries
Campos-Ortiz, Francisco; Putterman, Louis G.; Ahn, T. K.; … - 2012
We study experimentally the protection of property in five widely distinct countries - Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10010289958