This paper provides a theoretical and empirical analysis of statutes of limitations for accident cases. The theoretical model formalizes the tradeoff underlying a finite statute of limitations; while a shorter statute limits injurers' exposure to liability, thereby curbing incentives for care,...

Purpose – Land assembly can mitigate the negative environmental impacts of land fragmentation on urban areas, agriculture, and wildlife. However, the assembler faces several obstacles including transactions costs and the strategic bargaining behavior of landowners. The purpose of this chapter...

We examine laboratory bargaining experiments with symmetric and asymmetric delay costs and options for proposers to credibly commit to a bargaining position. Contrary to standard game-theoretic predictions, our experimental results suggest that commitment can be used effectively to increase the...

Student volunteers at the U.S. Naval Academy (USNA) participated in one of the following one-shot games: a dictator game, an ultimatum game, a trust game, or a prisoner's dilemma game. We find limited support for the importance of personality type for explaining subjects' decisions. With...