Few, if any, epidemics responsible for 20 million severe injuries and/or deaths each year, globally, receive less public attention than do traffic accidents truly making them a “hidden epidemic”. Worse yet, the epidemic is growing as evidenced by World Health Organization data which show...

We start with an initial wealth distribution. Each agent may establish at most one link with any agent in each period, yielding a surplus that agents split according to a uniform division rule. Wealth evolves by adding the payoffs to current wealth. Many long-run wealth distributions can arise,...

This paper looks at household welfare distribution among two-income couples from three social strata in Izmir, Turkey. A simple explicit two-stage dynamic game theory model is developed to determine if an egalitarian intra-household distribution under certain circumstances is consistent even...

Previous research has shown that individuals do not respond to changes in their bargaining position to the extent predicted by standard bargaining theories. Most of these results come from experiments with bargaining power allocated exogenously, so that individuals may perceive it as having been...

We use a laboratory experiment to study bargaining with random implementation. We modify the standard Nash demand game so that incompatible demands do not necessarily lead to the disagreement outcome. Rather, with exogenous probability q, one bargainer receives his/her demand, with the other...

Previous research has shown that individuals do not respond to changes in their bargaining position to the extent predicted by standard bargaining theories. Most of these results have come from experiments with bargaining power allocated exogenously, so that individuals may perceive it as having...

That researchers look for the inverted-U shape in inequality in the arbitrary periods of arbitrary countries underlies the divergent empirical evidence across studies. To point to the right context for the pattern, this paper establishes a formal mechanism in line with Kuznets' explanation that...