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How should mediators communicate with bargainers? When can they improve outcomes? Can arbitrators that impose outcomes do better? I provide answers in wars of attrition with flexible and commitment types, consistent with reputational bargaining. I characterize the unique mediated equilibrium,...
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Intrinsic motivation and monetary incentives affect an expert's choice of firm, and thus also the performance of the firm. These effects are particularly important for consumers of credence goods in mission industries, where experts perform duties that align with their own personal belief...
Persistent link: https://www.econbiz.de/10014102970
I experimentally investigate a new game that modifies the prisoner’s dilemma. In this game, as opposed to the regular prisoner’s dilemma, there is no tradeoff between cooperation and strategic risk (uncertainty regarding the other player’s strategy) that is the leading explanation for low...
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This experiment investigates a stochastic version of the infinitely repeated prisoner's dilemma.The stochastic element introduces the importance of beliefs about the future for supportingcooperation as well as cooperation and defection on the equilibrium path. There is more coop-eration in...
Persistent link: https://www.econbiz.de/10012901149
We generalize standard school choice models to allow for interdependent preferences and differentially-informed students. We show that in general, the commonly-used deferred acceptance mechanism is no longer strategy-proof, the outcome is not stable, and may make less informed students worse...
Persistent link: https://www.econbiz.de/10012309572
Abstract An implicit assumption in most of the matching literature is that all participants know their preferences. If there is variance in the effort agents spend researching options, some may know more about their preferences, while others may know less. When this is true, strategizing is...
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