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, the extent to which the Nash threat leads to Pareto-improving extraction levels. Through our experiment, we confirm the …
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reconsiders the generality of both explanations. Using data from a public goods experiment with punishment, conducted by the …
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for forming a coalition by running a laboratory experiment and reveal which mechanism leads to higher social surplus. In …
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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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