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necessities of signalling are shown to generate very strong investment incentives. These incentives are based on the desire not to …
Persistent link: https://www.econbiz.de/10010371083
necessities of signalling are shown to generate very strong investment incentives. These incentives are based on the desire not to …
Persistent link: https://www.econbiz.de/10010334160
necessities of signalling are shown to generate very strong investment incentives. These incentives are based on the desire not to …
Persistent link: https://www.econbiz.de/10010427428
necessities of signalling are shown to generate very strong investment incentives. These incentives are based on the desire not to …
Persistent link: https://www.econbiz.de/10005785933
necessities of signalling are shown to generate very strong investment incentives. These incentives are based on the desire not to …
Persistent link: https://www.econbiz.de/10005187303
bargaining. This paper investigates the corresponding investment incentives if individuals have heterogeneous fairness …
Persistent link: https://www.econbiz.de/10014051881
view of fairness than past experiments, considering both distributive justice (how much I get) and procedural justice (the … reason to do so, implying an innate concern with procedural justice. Second, divisions in these games are much more equitable … the fairness hypothesis (arguing that fairness concerns would lead to similar distributions in the ultimatum and dictator …
Persistent link: https://www.econbiz.de/10014047994
This paper views authority as the right to undertake decisions that impose externalities on other members of the organization. When only decision rights can be contractually assigned to one of the organization's stakeholders, the optimal assignment minimizes the resulting inefficiencies by...
Persistent link: https://www.econbiz.de/10010371079
selecting just one fair reputation equilibrium amongst the many possible. Elaborating on Binmore’s Natural Justice (2005) (but … justice within a game theoretical perspective, this task is accomplished from the ex ante (under the ‘veil of ignorance … would then be ready to give up fairness and extended fiduciary duties in order to achieve nothing more than the most …
Persistent link: https://www.econbiz.de/10014185260
In this paper, we examine the optimal mechanism design of selling an indivisible object to one regular buyer and one publicly known buyer, where inter-buyer resale cannot be prohibited. The resale market is modeled as a stochastic ultimatum bargaining game between the two buyers. We fully...
Persistent link: https://www.econbiz.de/10012989366