Arguably the most important campaign finance regulations in U.S. federal elections are limits imposed on individual campaign contributions. One of the principal arguments in support of these contribution limits has been that they equalize the influence of individual donors and thereby cause...

We experimentally investigate the effects of group size on behavior and outcomes in a multilateral bargaining game. Using a Baron–Ferejohn protocol, our main interest is in the extent of costly delay (number of bargaining rounds needed to reach agreement). We investigate the effects of group...

no abstract available.

We conduct an experiment to assess the effects of different decision rules on the costs of decision making in a multilateral bargaining situation. Specifically, we compare the amount of costly delay observed in an experimental bargaining game under majority and unanimity rule. Our main finding...

Anecdotal, empirical, and experimental evidence suggests that offering extrinsic rewards for certain activities can reduce people׳s willingness to engage in those activities voluntarily. We propose a simple rationale for this ‘crowding out’ phenomenon using standard economic arguments. The...

We report an experiment on the Probabilistic Serial (PS) mechanism for allocating indivisible goods. The PS mechanism, a recently discovered alternative to the widely used Random Serial Dictatorship mechanism, has attractive fairness and efficiency properties if people report their preferences...

A large body of experimental research has documented that fairness and cooperation in experimental games are often enhanced when subjects can (and do) make non-binding pre-play agreements. Many studies have demonstrated this phenomenon for verbal agreements reached via open discussion. In...