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This paper develops and experimentally implements a simple multi-negotiation bargaining game, in which one agent, called the "developer," must reach agreements with a series of other agents, called "landowners," in order to implement a value-increasing project. The game has a unique subgame...
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transaction was constructed to be identical in each case in terms of economic payoffs and risk. In a second experiment, a survey …
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This article compares the use of risk-increasing and risk-reducing production inputs with the experimentally measured … risk attitudes of farmers. For this purpose, the Just-Pope production function indicates production inputs’ influence on … output risk and a Holt-Laury lottery is used to measure the producerś risk attitude. We test whether more risk averse farmers …
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