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In the hold-up problem incomplete contracts cause the proceeds of relation specific investments to be allocated by ex-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences implying heterogeneous bargaining behavior...
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International negotiations on climate change are among the most difficult ever conducted worldwide because, besides the … climate negotiations can be more usefully addressed by means of a specific version of proceduralism – that is, impure … negotiations. To this end, it defines and empirically tests relevant fairness criteria in the formal negotiating setting of the …
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The ultimatum game is a standard instrument for laboratory experimentalists. It had been replicated in a large number of environments and points to special considerations for fairness. Although it has been popular in the experimental community, researchers have not harnessed all the statistical...
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I consider two new simple bargaining games in which two players bargain over division of a fixed amount of money. Both games are strategically equivalent to the dictator game, in that one player has the unilateral ability to determine the allocation. However, that player can instead choose to...
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Over the past several decades the sports agent has emerged as an increasingly important figure in the negotiation of contracts for professional athletes. Although agents may have varying backgrounds, attorneys now comprise more than 50% of all agents representing professional athletes. This...
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