This paper investigates how demographic change affects the financial sustainability of apay-as-you-gosocialsecuritysysteminanenvironmentwithcollectivebargainingonthe labor market. Partial equilibrium analysis shows that the contribution rate or the benefit level decreases, if the old-age...

In this paper we provide new estimates of the impact of unions on nonunion wage setting. We allow the presence of unions to affect nonunion wages both through the typically discussed channel of nonunion firms emulating union wages in order to fend off the threat of unionisation and through a...

We consider infinite-horizon bargaining in which an uninformed seller sequentially makes a price offer to a privately informed buyer who decides whether to accept or reject it in every bargaining round. Existing theories suggest that the presence (absence) of an arbitrarily small outside option...

This study considers the "rational negotiator model" (homo-negotiator) as a new scientific logical standard for negotiation studies, and proposes axioms, definitions, and principles of the rational negotiator model that are essential for this purpose.In negotiation studies, it is common to...

We investigate the effect of different procedures for assigning decision-making roles for the distribution of collective resources using a dictator game. Three role allocation procedures are tested, namely random, meritocratic, and favouritism. We contribute to the literature by employing an...

We consider ultimatum bargaining over the provision of a public good. Offer-maker and responder can delegate their decisions to agents, whose actual decision rules are opaque. We show that the responder will benefit from strategic opacity, even with bilateral delegation. The incomplete...

We investigate experimentally how decisions in the Dictator Game are affected by cognitive manipulations aimed at promoting greater reliance on deliberation. Specifically, we run an online experiment where we have 6 distinct experimental conditions resulting from the combination of 2 conditions...

In a bargaining paradigm, we investigated the influence of reputational concern and monetary gain on generosity and deception. 141 schoolchildren aged between 7 to 12 participated in an ultimatum bargaining game. As proposers, they were asked to split a monetary resource with a hypothetical...

Agenda-setting power is a double-edged sword that increases the likelihood that an agent is chosen to be a proposer, but may reduce the probability that the agent is included in a winning coalition. We experimentally test the theoretical prediction of potentially negative returns to...