Showing 91 - 100 of 339
In a simple double-blind dictator experiment, systematically removing subjects’ levels of power and entitlement increases their choice of an income distribution generally consistent with Rawls (1971) concept of distributive justice, although choices are less unanimous and risk-averse than...
Persistent link: https://www.econbiz.de/10005163072
This paper develops and experimentally tests a model in which a player’s effort affects the probability of winning a contest in both the current and future periods. Theory predicts that rent-seeking effort will be shifted forward from later to earlier periods, with no change in overall...
Persistent link: https://www.econbiz.de/10005167092
When an economic exchange requires agreement by multiple independent parties, the potential exists for an individual to strategically delay agreement in an attempt to capture a greater share of the surplus created by the exchange. This “holdout problem” is a common feature of the land...
Persistent link: https://www.econbiz.de/10005190294
Bilateral monopoly, land assembly, and unanimous-consent Coasian bargaining present interesting strategic questions because they involve division of an economic surplus without competition to temper bargaining demands. We present a behavioral bargaining model in which payoff-maximizing proposers...
Persistent link: https://www.econbiz.de/10008625907
We use multilateral bargaining experiments to examine how the order of bargaining (simultaneous or sequential) and the nature of contracts (contingent or non-contingent) affect the duration of bargaining, the efficiency of exchange, and the distribution of the surplus in a laboratory...
Persistent link: https://www.econbiz.de/10008625908
No abstract available
Persistent link: https://www.econbiz.de/10008625912
Conventional wisdom as well as economic theory suggests it is more costly to reassemble fragmented land due to transactions costs and strategic bargaining costs. Both costs are expected to increase with the number of sellers. Inefficient allocation of land resources may result including property...
Persistent link: https://www.econbiz.de/10008625913
We examine voluntary contributions in a two-stage public good experiment with ‘carryover.’ In two treatments, each subject’s second stage endowment is determined by the return from the public good in the first stage. We manipulate payoffs across these treatments so that, relative to our...
Persistent link: https://www.econbiz.de/10008868021
Conventional wisdom as well as economic theory suggests it is more costly to reassemble fragmented land due to transactions costs and strategic bargaining costs. Both costs are expected to increase with the number of sellers. Inefficient allocation of land resources may result including property...
Persistent link: https://www.econbiz.de/10008871869
Persistent link: https://www.econbiz.de/10009801707