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This paper studies the role of public information in multiple-agent coordination problems underlying a variety of economic scenarios such as banking and debt crises. The impact of information on coordination in such settings rests on the interplay between two types of uncertainty that agents...
Persistent link: https://www.econbiz.de/10013119581
straightforward solutions. This chapter examines the use of abuse of superior bargaining position provisions to remedy aggregate … counteract the inherent advantage in bargaining power enjoyed by large conglomerates vis-à-vis smaller or weaker trading … bargaining power prohibitions to deal with aggregate concentration, while South Korea has taken a different stance. The chapter …
Persistent link: https://www.econbiz.de/10012845532
the case of losses. In this experimental study, the participants share a loss in a Nash bargaining game, but waiting time …, waiting time. Our experiment consists of four versions of the Nash bargaining game to allow for a comparison of four classical … experimental evidence shows that an equal split better predicts the outcome of a Nash bargaining game involving losses than …
Persistent link: https://www.econbiz.de/10011116898
preferences in the case of losses. In this experimental study, participants share a loss in a Nash bargaining game. Instead of … experiment consists of four versions of the Nash bargaining game, which vary in a way that allows a comparison of four classical … provides a better prediction than do classical concepts for the outcome of a Nash bargaining game involving losses. Furthermore …
Persistent link: https://www.econbiz.de/10010556675
Simple bargaining games are the foundation of more complex social interactions necessary for healthy relationships and … classic simple bargaining games (ultimatum, dictator, and trust games). Specifically, we experimentally manipulate sleep …
Persistent link: https://www.econbiz.de/10011451251
Models have been put forward recently that seem to be successful in explaining apparently anomalous experimental results in the Ultimatum Game, where responders reject positive offers. While imparting fixed preference orders to fully rational agents, these models depart from traditional models...
Persistent link: https://www.econbiz.de/10005596296
it concerns the topics of bargaining and negotiations, but also because it relates to the question about under which … circumstances actors behave more rational. We conduct three experiments, two in the laboratory and one online, with more than 1 … in the Ultimatum Game in any of our three experiments. Potential reasons for why the replication attempts fail are …
Persistent link: https://www.econbiz.de/10011902276
Experiments can be used to relax technical assumptions that are made by necessity in theoretical analysis, and further … test the robustness of theoretical predictions. To illustrate this point we conduct a three-person bargaining experiment … assumptions, our less structured experiment provides new insights into how multilateral bargaining may play out in real world …
Persistent link: https://www.econbiz.de/10012141438
Simple bargaining games are the foundation of more complex social interactions necessary for healthy relationships and … classic simple bargaining games (ultimatum, dictator, and trust games). Specifically, we experimentally manipulate sleep …
Persistent link: https://www.econbiz.de/10011450381
Experiments can be used to relax technical assumptions that are made by necessity in theoretical analysis, and further … test the robustness of theoretical predictions. To illustrate this point we conduct a three-person bargaining experiment … assumptions, our less structured experiment provides new insights into how multilateral bargaining may play out in real world …
Persistent link: https://www.econbiz.de/10011889435