the total production surplus, efficient bargaining implies no efficiency loss in production. Depending on the level of ….\,e.\ bargaining power and production efficiency do not lead to temporary optimality. The dynamic evolution of money balances, prices …This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union …

focality of three properties of bargaining outcomes: equality, Pareto efficiency, and total earnings maximization. Our main …We report experimental data from bargaining situations where bargainers can make proposals as often and whenever they … findings are that subjects avoid an equal earnings contract if it is Pareto inefficient; a large proportion of bargaining pairs …

infracting upon productive efficiency. The mechanism employs a contest creating incentives among participating nations to …

- efficiency seeking. Our treatments rely on a 2x3 factorial design, differing in whether the responder or the third (dummy) player …

experiment whether gossip affects the efficiency of human interactions. We let subjects play a trust game. Third parties observe … possibility of gossip is highly efficiency-increasing compared to a situation without any gossip. In two further control … treatments, we show that the mere fact of being observed by third parties cannot explain the efficiency-increasing effect of …