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Competition and consumer search costs can lead to price dispersion in an oligopoly. IO research has long identified the … distribution. This paper argues for a view of consumer protection and competition policy that considers distributional outcomes …
Persistent link: https://www.econbiz.de/10013241754
inconsistent behavior, typically attributed to "other regarding preferences." The Ultimatum Game, used to study fairness, and the … accounting for both the evolution of fairness and the evolution of trust. Here I explore the role of population structure by … trusting and trustworthy trustworthy and reduces the critical return threshold, but, much like in the case of fairness, it does …
Persistent link: https://www.econbiz.de/10011316592
Persistent link: https://www.econbiz.de/10009724612
Can differences in cognitive reflection explain other-regarding behavior? To test this, I use the three-item Cognitive Reflection Task to classify individuals as intuitive or reflective and correlate this measure with choices in three games that each subject participates in. The main sample...
Persistent link: https://www.econbiz.de/10012431890
implements the full set of stable matchings in the existence of stability, and it ends up with Pareto Optimal matching in the …
Persistent link: https://www.econbiz.de/10011716017
considerablyshape negotiation behavior. By using the novel setup of a 'bargaining with claims' experimentwe provide new systematic … evidence tracking the influence of entitlements and obligationsthrough the whole bargaining process. We find strong entitlement … effects that shape openingoffers, bargaining duration, concessions and reached (dis-)agreements. We argue thatentitlements …
Persistent link: https://www.econbiz.de/10011333887
role of entitlements in negotiations has not received much attention. We fill the gap by designing an experiment that … effects that shape opening offers, bargaining duration, concessions and reached (dis-)agreements. We argue that entitlements …
Persistent link: https://www.econbiz.de/10011409699
fairness. In an infinite horizon bargaining game, a proposer proposes a division of chips, until a responder accepts. Given … private information about fairness preferences and patient players, the Coase conjecture predicts almost immediate agreement …
Persistent link: https://www.econbiz.de/10012890400
on any specific bargaining mechanism and are illustrated in several examples …
Persistent link: https://www.econbiz.de/10013131685
This paper considers competitive search equilibrium in a market for a good whose quality differs across sellers. Each seller knows the quality of the good that he or she is offering for sale, but buyers cannot observe quality directly. We thus have a "market for lemons" with competitive search...
Persistent link: https://www.econbiz.de/10015053938