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We study communication in committees selecting one of two alternatives when consensus is required and agents have private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition emerges. Waiting allows voters to express the intensity of...
Persistent link: https://www.econbiz.de/10012915720
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority is reached. We study experimentally welfare properties of simple three-voter conclaves with privately known preferences over two outcomes and waiting costs. The resulting game...
Persistent link: https://www.econbiz.de/10013015019
We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options …
Persistent link: https://www.econbiz.de/10013074889
function can be explained by Nash bargaining between workers and employers. Under fairly mild assumptions, Nash bargaining … exceed the wage reward. This paper reviews the established empirical regularities and then provides Nash bargaining results …
Persistent link: https://www.econbiz.de/10013096772
bargaining with claims environment. We measure people's judgments on the normative attractiveness of solution concepts with the … help of a survey and also observe actual agreements in a bargaining experiment with real money at stake. We find that the …
Persistent link: https://www.econbiz.de/10013319305
We conduct multi-person one-shot ultimatum games that reflect important aspects of collective bargaining. In all …
Persistent link: https://www.econbiz.de/10013011168
We investigate the matching algorithm used by the German central clearinghouse foruniversity admissions (ZVS) in medicine and related subjects. This mechanism consists ofthree procedures based on final grades from school ("Abiturbestenverfahren","Auswahlverfahren der Hochschulen") and on waiting...
Persistent link: https://www.econbiz.de/10005860493
governments control wages by regulating the workers' relative bargaining power. I use a general oligopolistic equilibrium model of …
Persistent link: https://www.econbiz.de/10012965021
This note introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. Our...
Persistent link: https://www.econbiz.de/10012948696
We investigate the role of marital patterns in explaining rising income inequality using a structural marriage matching model with unobserved heterogeneity. This allows us to consider both the extensive and intensive margins of the marriage market, i.e. who remains single and who marries whom....
Persistent link: https://www.econbiz.de/10012917082