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Persistent link: https://www.econbiz.de/10010378856
Many experimental studies report evidence of fairness in bargaining games. More recently fairness and its consequences for productive efficiency have been explored in principal-agent games, in which a single principal meets a single agent. However, in most organizations, there are usually many...
Persistent link: https://www.econbiz.de/10014034114
Persistent link: https://www.econbiz.de/10000992540
We present an experimental test of a procedurally fair co-determination mechanism where group members reduce their value uncertainty before submitting bids for a joint project. The results suggest a relatively efficient mechanism, with unprofitable projects being largely rejected and profitable...
Persistent link: https://www.econbiz.de/10015408229