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We conduct a novel experimental test of the Coase conjecture using subjects' private information about preferences for 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...
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How should mediators communicate with bargainers? When can they improve outcomes? Can arbitrators that impose outcomes do better? I provide answers in wars of attrition with flexible and commitment types, consistent with reputational bargaining. I characterize the unique mediated equilibrium,...
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I show how uncertainty about agents' future costs of delay, can lead to substantial bargaining delays when agents have reputational concerns. Reputational concerns arise because with positive probability agents are behavioral types, committed to demanding a fixed share of the surplus. In the...
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