likelihood of agreement in bilateral negotiations over the provision of a public good when parties have private information over … their contribution costs. We test the model in a laboratory experiment paying particular attention to how behavioral …

Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental … – at least partly – from an assumed positive intrinsic value of decision rights. Proving the existence of this value and … reveal that – across different parameterizations – the large majority of our subjects intrinsically value decision rights …

This paper contributes to the analysis of central vs. decentral (firm-level) labour market negotiations. We argue that … during negotiations on a central scale employers and employees plausibly take output market effects into account, while they … behave competitively during firm-level negotiations. Assuming that in both cases the labour market conflict is settled …

post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … if the buyer's bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger … use of negotiations as a procurement mechanism in private industry …

offline markets. Despite very different strategic implications for buyers and sellers, results from our experiment suggest no …

We conduct a laboratory experiment to shed light on the cognitive limitations that may affect the way decision makers …

the public good and leisure is valuable. Existing experiments start with a given number of “tokens” for each decision … to (or simultaneously with) the decision of how to allocate that income between private and public goods …

-out and on what conditions the final solution depended. The model allows tracing analytically the dynamics of the negotiation … and interact with political factors, in particular the dynamics of the political negotiation process within the EMU …