Commitment and (in) Efficiency: A Bargaining Experiment
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DOI: 10.1093/jeea/jvaa012
Abstract: In many matching markets, bargaining determines who matches with whom and on what terms. We experimentally investigate allocative efficiency and how subjects’ payoffs depend on their matching opportunities in such markets. We consider three simple… read more here.
Keywords: bargaining experiment; efficiency bargaining; efficiency; commitment efficiency ... See more keywords