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What determines the mechanism chosen to resolve a commercial dispute? To what degree does the aggrieved recover damages? And does the relationship survive in the aftermath? The answers to these questions affect expectations as to the costs of transacting and, thereby, the development of markets....
Persistent link: https://www.econbiz.de/10014064681
-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is … player winning in Conflict is higher than the share received under Nash bargaining. We thus provide a rationale for conflict … efficient ex post, but we show that a player may prefer Conflict ex ante if there are sufficient asymmetries in strength. There …
Persistent link: https://www.econbiz.de/10012843431
-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is … player winning in Conflict is higher than the share received under Nash bargaining. We thus provide a rationale for conflict … efficient ex post, but we show that a player may prefer Conflict ex ante if there are sufficient asymmetries in strength. There …
Persistent link: https://www.econbiz.de/10012156576
Experiments evaluate the fit of human behaviour to the Shapley-Shubik power index (SSPI), a formula of voter power. Groups of six subjects with differing votes divide a fixed purse by majority rule in online chat rooms. Earnings proxy for measured power. Chat rooms and processes for selecting...
Persistent link: https://www.econbiz.de/10010320421
Envy is often the cause of mutually harmful outcomes. We experimentally study the impact of envy in a bargaining … setting in which there is no conflict in material interests: a proposer, holding the role of residual claimant, chooses the … harms the proposer. Notwithstanding, maximal claims by proposers are predominant for all game types. This generates conflict …
Persistent link: https://www.econbiz.de/10010281655
Envy is often the cause of mutually harmful outcomes. We experimentally study the impact of envy in a bargaining … setting in which there is no conflict in material interests: a proposer, holding the role of residual claimant, chooses the … harms the proposer. Notwithstanding, maximal claims by proposers are predominant for all game types. This generates conflict …
Persistent link: https://www.econbiz.de/10011048077
Experiments evaluate the fit of human behaviour to the Shapley-Shubik power index (SSPI), a formula of voter power. Groups of six subjects with differing votes divide a fixed purse by majority rule in online chat rooms. Earnings proxy for measured power. Chat rooms and processes for selecting...
Persistent link: https://www.econbiz.de/10010956071
This paper studies a simple two-stage model of conflict in which two players allocate resources between arms and …
Persistent link: https://www.econbiz.de/10005579425
Envy is often the cause of mutually harmful outcomes. We experimentally study the impact of envy in a bargaining … setting in which there is no conflict in material interests: a proposer, holding the role of residual claimant, chooses the … harms the proposer. Notwithstanding, maximal claims by proposers are predominant for all game types. This generates conflict …
Persistent link: https://www.econbiz.de/10009358618
bargaining power. We show that negligibly small changes in the bargaining power of non-elites, conditional on enfranchisment, via … coalition formation, constrains the bargaining power of the stronger elite and result in discontinuous changes in equilibrium …
Persistent link: https://www.econbiz.de/10005368619