Showing 1 - 10 of 182
The majority of theoretical and experimental research stemming from Tullock’s (1980) model of rent-seeking considers static, single-period contests. This paper contributes to a growing body of research on multi-period rent-seeking contests by developing and experimentally testing a model in...
Persistent link: https://www.econbiz.de/10005641538
Bilateral monopoly, land assembly, and unanimous-consent Coasian bargaining present interesting strategic questions because they involve division of an economic surplus without competition to temper bargaining demands. We present a behavioral bargaining model in which payoff-maximizing proposers...
Persistent link: https://www.econbiz.de/10008625907
No abstract available
Persistent link: https://www.econbiz.de/10008625912
Conventional wisdom as well as economic theory suggests it is more costly to reassemble fragmented land due to transactions costs and strategic bargaining costs. Both costs are expected to increase with the number of sellers. Inefficient allocation of land resources may result including property...
Persistent link: https://www.econbiz.de/10008625913
We use multilateral bargaining experiments to examine how the order of bargaining (simultaneous or sequential) and the nature of contracts (contingent or non-contingent) affect the duration of bargaining, the efficiency of exchange, and the distribution of the surplus in a laboratory...
Persistent link: https://www.econbiz.de/10008625908
We examine voluntary contributions in a two-stage public good experiment with ‘carryover.’ In two treatments, each subject’s second stage endowment is determined by the return from the public good in the first stage. We manipulate payoffs across these treatments so that, relative to our...
Persistent link: https://www.econbiz.de/10008868021
This paper uses responder pre-commitment and the Jungian theory of mental activity and psychological type, as measured by the widely-used Myers-Briggs Type Indicator (MBTI), to gain insight into subject behavior in a laboratory ultimatum bargaining experiment. Three experiment design details are...
Persistent link: https://www.econbiz.de/10005636528
Using a simple, double-blind dictator experiment, we examine the extent to which subjects' choices of distributive shares are influenced by unearned social position. We measure social position by the initial distributive shares (resources) and the subjects' ability to determine the final...
Persistent link: https://www.econbiz.de/10005562161
Conventional wisdom as well as economic theory suggests it is more costly to reassemble fragmented land due to transactions costs and strategic bargaining costs. Both costs are expected to increase with the number of sellers. Inefficient allocation of land resources may result including property...
Persistent link: https://www.econbiz.de/10008871869
In a simple double-blind dictator experiment, systematically removing subjects’ levels of power and entitlement increases their choice of an income distribution generally consistent with Rawls (1971) concept of distributive justice, although choices are less unanimous and risk-averse than...
Persistent link: https://www.econbiz.de/10005163072