Showing 1 - 10 of 18
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...
Persistent link: https://www.econbiz.de/10011261635
We examine voluntary contributions in a two-stage public good experiment with ‘carryover.’ In two treatments, each subject's second-stage endowment is determined by the return from the public good in the first-stage. We manipulate payoffs across treatments such that, relative to our...
Persistent link: https://www.econbiz.de/10010576968
This paper develops and experimentally tests a model in which a player’s effort affects the probability of winning a contest in both the current and future periods. Theory predicts that rent-seeking effort will be shifted forward from later to earlier periods, with no change in overall...
Persistent link: https://www.econbiz.de/10005167092
Conventional wisdom as well as economic theory suggests it is more costly to reassemble fragmented land due to transactions costs and strategic bargaining costs. Both costs are expected to increase with the number of sellers. Inefficient allocation of land resources may result including property...
Persistent link: https://www.econbiz.de/10008871869
Persistent link: https://www.econbiz.de/10009789639
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...
Persistent link: https://www.econbiz.de/10015380093
Persistent link: https://www.econbiz.de/10002498063
This article develops a citizen-candidate model with sequential elections. The model highlights the strategic considerations associated with the primary process, which hinge on the preferences of party members, in particular the party medians and the party boundaries. It is shown that although...
Persistent link: https://www.econbiz.de/10010777824
This article analyzes voter mobilization and interest group activity within a citizen-candidate model. Interest groups influence the decisions of 'high cost' voters by running a 'get out the vote' campaign. Membership fees paid by citizens joining an interest group finance the vote drives....
Persistent link: https://www.econbiz.de/10005086929
Citizen candidate models represent a significant advance in the analysis of public choice. They provide added realism to models of endogenous policy formation, relate the number of candidates to the benefits and costs associated with electoral competition and support equilibria with...
Persistent link: https://www.econbiz.de/10005709149