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Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers’ aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations...
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This work studies the dynamics of international, multilateral, legal negotiations. It seeks to understand how the participants in a multilateral negotiation on a new international law instrument actually behave and why they do so. To this end, it provides a rich historical narrative of the...
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I consider the problem of assigning agents to indivisible objects, in which each agent pays a price for his object and all prices sum to a given constant. The objective is to select an assignment-price pair that is envy-free with respect to the agents' true preferences. I propose a simple...
Persistent link: https://www.econbiz.de/10011517013
In an incomplete information setting, we analyze the sealed bid auction proposed by Knaster (cf. Steinhaus (1948)). This procedure was designed to efficiently and fairly allocate multiple indivisible items when participants report their valuations truthfully. In equilibrium, players do not...
Persistent link: https://www.econbiz.de/10009753712
An unceasing problem of our prevailing society is the fair division of goods. The problem of proportional cake cutting focuses on dividing a heterogeneous and divisible resource, the cake, among n players who value pieces according to their own measure function. The goal is to assign each player...
Persistent link: https://www.econbiz.de/10012011614
In an experiment on a subjective claims problem we compare three unanimity bargaining procedures - the Demand, the …
Persistent link: https://www.econbiz.de/10010194818