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We conduct 3-person bargaining experiments in which the surplus being divided is produced by completing a prior task. Using a Baron-Ferejohn framework, we investigate how differences in contributions to production affect bargaining under different decision rules. Under unanimity rule, all...
Persistent link: https://www.econbiz.de/10012141457
and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual … claims. We focus on market-based allocation rules that impose a two-step procedure: assignment of rights based on claims …
Persistent link: https://www.econbiz.de/10011788896
This paper analyzes Jon Elster's work on local justice. The topic of local justice is rationing: the decentralized in …
Persistent link: https://www.econbiz.de/10011733749
restrictions, this paper proposes an alternative equilibrium concept, called rationing price equilibrium, tailored to capture the … specific features of housing markets with rent control. An allocation rule that always selects a rationing price equilibrium is …
Persistent link: https://www.econbiz.de/10013208614
commodity by the uniform rationing rule (Sprumont 1991). We construct a canonical peak-only rule that equalizes, in the leximin …
Persistent link: https://www.econbiz.de/10012010079
We analyze Engel curves for nuclear households in rural China. The sample includes more than 5000 nuclear families covering nineteen out of thirty Chinese provinces. We consider expenditures on food, also subdivided into several food subcategories such as cereals, or meat and fish, and other...
Persistent link: https://www.econbiz.de/10010262418
We study the efficiency and distributional consequences of establishing and abolishing the draft in a dynamic model with overlapping generations, taking into account endogenous human capital formation as well as government budget constraints. The introduction of the draft initially benefits the...
Persistent link: https://www.econbiz.de/10010262660
We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...
Persistent link: https://www.econbiz.de/10010262760
The most commonly used model of labor market incorporation among immigrants in the United States analyzes their earnings largely as a function of human capital variables such as education, language competence, age, length of residence and employment experience in the receiving country. However,...
Persistent link: https://www.econbiz.de/10010262776
We link life-satisfaction data to inequality of the pre-government income distribution at the regional level, to estimate the degree of inequality aversion. In addition, we investigate whether a reduction in inequality by the state increases individual well-being. We find that Germans are...
Persistent link: https://www.econbiz.de/10010262817