A Simple Experimental Test Of The Coase Conjecture
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A Simple Experimental Test Of The Coase Conjecture
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Author : Jack Fanning
language : en
Publisher:
Release Date : 2019
A Simple Experimental Test Of The Coase Conjecture written by Jack Fanning and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
We conduct a novel experimental test of the Coase conjecture using subjects' private information about preferences for fairness. In an infinite horizon bargaining game, a proposer proposes a division of chips, until a responder accepts. Given private information about fairness preferences and patient players, the Coase conjecture predicts almost immediate agreement on equal payoffs. We test this for two different chip-to-money exchange rates, and compare outcomes to ultimatum games. Behavior closely matches theory. In particular, when chips are worth more to proposers than responders, initial offers, minimum acceptable offers, responder payoffs and efficiency are significantly larger in the infinite horizon.
The Coase Theorem
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Author : Elizabeth Hoffman
language : en
Publisher:
Release Date : 1981
The Coase Theorem written by Elizabeth Hoffman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Negotiation categories.
Bargaining
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Author : Emin Karagözoğlu
language : en
Publisher: Springer Nature
Release Date : 2022-04-18
Bargaining written by Emin Karagözoğlu and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-18 with Business & Economics categories.
This Edited Collection provides a rigorous and rich overview of current bargaining research in economics and related disciplines, as well as a discussion of future directions. The Editors create cross-disciplinary and cross-methodological synergies by bringing together bargaining researchers from various fields, including game theory, experimental economics, political economy, autonomous negotiations, artificial intelligence, environmental economics and behavioral operations management; as well as using various methods, including the strategic approach, axiomatic approach, empirical research, lab and field experiments, machine learning and decision support systems. Offering insights into the theoretical foundations of bargaining research, traditional applications to bargaining research and topics of growing importance due to new advances in technology and the changing political and physical landscape of the world, this book is a key tool for anyone working on or interested in bargaining.
Markets Games And Strategic Behavior
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Author : Charles A. Holt
language : en
Publisher: Princeton University Press
Release Date : 2019-03-19
Markets Games And Strategic Behavior written by Charles A. Holt and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-19 with Business & Economics categories.
First edition published: Boston: Pearson Addison Wesley, 2007.
An Experimental Test Of The Consistent Conjectures Hypothesis
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Author : Charles A. Holt
language : en
Publisher:
Release Date : 1982
An Experimental Test Of The Consistent Conjectures Hypothesis written by Charles A. Holt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Oligopolies categories.
Experimental Law And Economics
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Author : Jennifer Arlen
language : en
Publisher: Edward Elgar Publishing
Release Date : 2008
Experimental Law And Economics written by Jennifer Arlen and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Law and economics categories.
During the last two decades researchers in the field of experimental law and economics have made significant contributions to our knowledge of human behaviour and its interaction with legal and regulatory environments. This collection of previously published papers examines the use of laboratory experiments to test and develop these theories about how people behave, including their responses to legal rules. An important resource for judges, policymakers and scholars alike, the articles presented are drawn from diverse disciplines such as economics, law and psychology. The editors' comprehensive introduction provides expert analysis and insightful discussion of new directions in the field. Also included is an extended bibliography of additional articles to further aid readers' study.
Advances In Economic Theory
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Author : Truman Fassett Bewley
language : en
Publisher: CUP Archive
Release Date : 1989-07-28
Advances In Economic Theory written by Truman Fassett Bewley and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-07-28 with Business & Economics categories.
These articles should be helpful to anyone with training in economics.
Journal Of Economic Literature
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Author :
language : en
Publisher:
Release Date : 1992
Journal Of Economic Literature written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Economics categories.
Papers In Experimental Economics
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Author : Vernon L. Smith
language : en
Publisher: Cambridge University Press
Release Date : 1991-11-29
Papers In Experimental Economics written by Vernon L. Smith and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-11-29 with Business & Economics categories.
A collection of the major papers of Vernon L. Smith, the main creator of the new field of experimental economics.
Handbook Of Behavioral Economics Foundations And Applications 1
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Author :
language : en
Publisher: Elsevier
Release Date : 2018-09-27
Handbook Of Behavioral Economics Foundations And Applications 1 written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-27 with Business & Economics categories.
Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics Written for those who wish to become quickly acquainted with behavioral economics