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One of the most robust phenomena in the experimental literature on multilateral bargaining is the failure of proposers to extract equilibrium rents. However, all previous experiments have overlooked the fact that outside the lab committee members are allowed to – and do – engage in sometimes...
Persistent link: https://www.econbiz.de/10010931411
Recently, both theoretical and experimental literatures have incorporated the ability of strategic players to communicate verbally prior to choosing their actions. We design an experiment to show how and why presence and type of communication matters. We use a multilateral bargaining setting,...
Persistent link: https://www.econbiz.de/10013073425
Persistent link: https://www.econbiz.de/10010491012
Persistent link: https://www.econbiz.de/10012299421
One of the most robust phenomena in the experimental literature on multilateral bargaining is the failure of proposers to extract equilibrium rents. However, all previous experiments have overlooked the fact that outside the lab committee members are allowed to - and do - engage in sometimes...
Persistent link: https://www.econbiz.de/10014152141