neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion is possible, but negotiations often break down and information is revealed in an asymmetric way. The existing …

endogenously on the amount of information they would like to have and find that local (endogenous) information is equally efficient … in ensuring successful coordination as full information. We provide an intuitive explanation of these facts which is …

beliefs are widely used in economics. In this paper I experimentally test whether the second assumption is correct. Especially …

favorable tie-breaking rules can reduce the discouragement effect and increase the designer's revenue. We test these predictions …

This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to … the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at … ; Cover Function ; Bargaining ; Symmetric Game ; Network …

We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … bargaining solution is the unique stationary subgameperfect equilibrium. …

We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can … communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out …