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The Coase theorem posits: If [1] property rights are perfect, [2] contracts are enforceable, [3] preferences are common knowledge, and [4] transaction costs are zero, then the initial alloca-tion of property rights only matters for distribution, not for efficiency. In this paper we claim that...
Persistent link: https://www.econbiz.de/10011397620
Although reciprocity is a key concept in the social sciences, it is still unclear why people engage in costly reciprocation. In this study, physiological and self-report measures were employed to investigate the role of emotions, using the Power-to-Take Game. In this 2-person game, player 1 can...
Persistent link: https://www.econbiz.de/10011338001
-person bargaining game where the other party's gender is known to both actors. We find that (1) gender per se has no significant effect … and retaliation and, thus, lower efficiency when the bargaining partners have the same gender than when they have the …-world organizations are discussed. -- gender pairing ; bargaining ; psychology ; experiment …
Persistent link: https://www.econbiz.de/10009733218
This paper analyzes blindfolded versus informed ultimatum bargaining where proposer and responder are both either … bargaining due to task-independent strategies such as 'equal sharing' or the 'golden mean.' The probability of successful … bargaining is lower in case of blindfolded than informed ultimatum bargaining. …
Persistent link: https://www.econbiz.de/10011458465
-to-face alternating-offers wage bargaining. Our results suggest that male players are able to obtain better bargaining outcomes than … than female employers pay to male employees. Moreover, we find gender differences in the first offers of the bargaining …
Persistent link: https://www.econbiz.de/10013104251
How do people trade off efficiency against equality concerns? To study this question, we conducted a modified mini ultimatum game (N=120) in which proposers were asked to choose between offering 8:2 and y:y, y∈{5, 4.5, 4,.., 0.5}; all offers in Euro. According to the data, 58 of 60 proposers...
Persistent link: https://www.econbiz.de/10013084331
, share of benefit over the best ones. It experiments two-stage bargaining games, internal and external negotiations. From the …
Persistent link: https://www.econbiz.de/10012952788
When selling a home, an important decision facing the homeowner is choosing an optimal listing price. This decision will depend in large part on how the chosen list price impacts the post negotiation final sale price of the home. In this study, we design an experiment that enables us to identify...
Persistent link: https://www.econbiz.de/10013006608
In many bargaining situations, the distribution of seats or voting weights does not accurately reflect bargaining power … at gender differences in bargaining behavior and in the effect of nominal weights. We find that women and men differ in …
Persistent link: https://www.econbiz.de/10013171871
Fairness considerations are important determinants of behavior in unstructured bargaining situations with equal … bargaining power. If the surplus over which the bargaining takes place was created by separate, individual efforts, several … the elicited fairness ideals guide subjects’ behavior in the subsequent bargaining in which the joint output is …
Persistent link: https://www.econbiz.de/10010187486