"This paper provides an experimental analysis of bargaining under imperfect information, molded by the circumstances found in oil field unitization. The purpose of the study is two-fold. One purpose is to provide a more in-depth analysis of how information affects bargained shares and...

"In symmetric commons dilemmas, peer sanctioning, i.e. the possibility to gather information about the resource use of others and to sanction overuse, can be an effective structural solution in terms of resource conservation. However, most real world commons are characterized by structural...

Rational inattention theory is economic theory that recognizes that people have finite information-processing capacity, in the sense of Shannon and engineering information theory. This approach is still in the early stages of development, but it promises to provide a unified explanation for some...

An array of global events, including the global financial crisis, natural disasters, and the recent coronavirus pandemic, have consistently shown the vulnerability of global systems and humans to externally undesirable contagions. In order to further provide alternative approaches to information...