implementation of side payments together with price caps and uniform pricing to achieve an efficient market design. Ultimately … choosing between flexibility markets with and without side payments involves a tradeoff between minimizing system costs and …

implementation of side payments together with price caps and uniform pricing to achieve an efficient market design. Ultimately … choosing between flexibility markets with and without side payments involves a tradeoff between minimizing system costs and …

two-stage conflict game where players may attempt to use non-binding side-payments to avoid conflict. In this game … simple theoretical analysis suggests that Proposers should never offer side-payments because Responders should always accept …

two-stage conflict game where players may attempt to use non-binding side-payments to avoid conflict. In this game … simple theoretical analysis suggests that Proposers should never offer side-payments because Responders should always accept …

the dispute before it occurs. The equilibrium of a conflict game with side-payments predicts that with binding offers …, proposers make and responders accept side-payments, generating settlements that strongly favor proposers. When side-payments are … non-binding, proposers offer nothing and conflicts always arise. Laboratory experiments confirm that binding side-payments …

support from legislators of the Upper-House, they relied on side-payments for legislators of the Lower-House. This strategy …

two-stage bargaining and conflict game with side-payments. In this game, residents (Proposers) make side-payment offers … behavior in three important ways: (1) residents who have earned their position persistently offer larger side-payments; (2 …

the dispute before it occurs. The equilibrium of a conflict game with side-payments predicts that with binding offers …, proposers make and responders accept side-payments, generating settlements that strongly favor proposers. When side-payments are … non-binding, proposers offer nothing and conflicts always arise. Laboratory experiments confirm that binding side-payments …