We conduct an experimental analysis of bargaining under asymmetric information, where the dispute resolution mechanism can be interpreted as either a civil trial or conventional arbitration. In our treatment, we allow for credible and costless transmission of private information. Consistent with...

In the 50 years since its publication, Mancur Olson’s Logic of Collective Action has had an enormous impact on the academic literature in both economics and political science. In this review essay, I discuss Olson’s work in light of the ensuing research, particularly developments in the...

I develop a model in which there are two groups in society, one of which bears all the costs of a regulation that provides (potentially unequal) benefits to both groups. Absent compensation, a biased government will not choose the efficient level of regulation. If taxes are nondistorting, a...

We embed an ultimatum game in a stylized legal bargaining framework. This changes the framing of the standard ultimatum game in several ways but also moves the bargaining closer to what is found in some naturally occurring settings. In this context, the ultimatum game is played over the joint...

"Recently, a great deal of controversy has been generated from the salaries earned by head coaches in the NCAA. Although many figures in the world of sports earn high salaries, one important difference in the case of the NCAA is that the players do not get paid. We develop a model that shows...

Richard Epstein has argued that governments should pay compensation for regulatory actions that impose costs on a subset of society. I develop a model in which there are two groups, one of whom benefits from a regulation, and one of whom bears the costs. A potentially biased government sets the...

We develop a model with asymmetric information, in which the uninformed party makes the offer. When the parties proceed to trial, their endogenous expenditures partially determine the outcome. The endogenous spending at trial can either strengthen or weaken the bargaining position of the...

As a result of Title IX, there has been a large increase in participation of women in college sports, while men's participation has remained roughly constant. We model the resource allocation decision across sports before and after Title IX was imposed. If the number of sports is held constant,...