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We examine how a principal implements a joint forcing contract for a team of two agents, whose joint product determines the value of the principal's asset. We focus on the "agents' problem": whether to contribute to a public good when one's costly contribution is unobservable. Our experiments...
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We consider non-cooperative bargaining over a fixed surplus between two groups that may differ in size and the supermajority threshold they employ for within-group ratification. We find that total allocation to a group does not depend on group size and increases with the supermajority threshold....
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protocol or a conflict to appropriate the surplus. In the cooperative negotiations, disagreement corresponds to a pro rata …
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), proposals are balanced only if both groups have veto power (iii) negotiations often fail if the decision environment gives …
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protocol or a conflict to appropriate the surplus. In the cooperative negotiations, disagreement corresponds to a pro rata …
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