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We consider a public-private partnership in an infrastructure project, which requires specialised expertise during the construction stage for the infrastructure to operationalise. This entails that, after an investment is made to begin building the infrastructure, its construction is completed...
Persistent link: https://www.econbiz.de/10012119945
This paper views authority as the right to undertake decisions that impose externalities on other members of the organization. When only decision rights can be contractually assigned to one of the organization's stakeholders, the optimal assignment minimizes the resulting inefficiencies by...
Persistent link: https://www.econbiz.de/10010371079
In many business transactions, in labor-management relations, in internationalconflicts, and welfare state reforms bargainers hold strong entitlements that are oftengenerated by claims that are not feasible any more. These entitlements seem to considerablyshape negotiation behavior. By using the...
Persistent link: https://www.econbiz.de/10011333887
Given the vital and controversial debate on fairness concerns in international climate negotiations, the acceptance of … international climate negotiations to address the question whether negotiating weights for different fairness concepts may enlarge … the bargaining space among heterogeneous agents and overcome the currently dominating self-interested use of fairness …
Persistent link: https://www.econbiz.de/10010357594
Offer and the Exit variant - in terms of fairness and efficiency. To assess the fairness of the allocations obtained by … elicited in a hypothetical fairness question, and we evaluate them from an impartial point of view using spectators' responses …
Persistent link: https://www.econbiz.de/10010194818
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
-serving biases concerning their fairness judgements. Moreover, psychological literature suggests that this can be a driving force of …
Persistent link: https://www.econbiz.de/10010439370
claims acquired in the past seem to create strong entitlements that shape current negotiations. Despite their importance, the … role of entitlements in negotiations has not received much attention. We fill the gap by designing an experiment that …
Persistent link: https://www.econbiz.de/10011409699
Fairness considerations are important determinants of behavior in unstructured bargaining situations with equal … entitlementrelated fairness ideals might be relevant. In our experiment we first elicit subjects’ fairness ideals using a questionnaire … the elicited fairness ideals guide subjects’ behavior in the subsequent bargaining in which the joint output is …
Persistent link: https://www.econbiz.de/10010187486
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