Martin Dufwenberg on "Honesty & Informal Agreements"

Relatore:  Martin Dufwenberg - Bocconi University and University of Arizona
  lunedì 17 novembre 2014 alle ore 12.30 Aula Menegazzi Palazzo Economia
We develop, and then experimentally test, models of informal agreements. Agents are assumed to be honest but suffer costs of overcoming temptations. We extend two classical bargaining solutions –-- split-the-difference and deal-me-out -- –to our setting. Our data rejects these predictions but strong patterns suggest that a modifi…ed/simpli…ed version of deal-me-out captures a lot of the action.

Referente
Marcella Veronesi

Referente esterno
Marcella Veronesi

Data pubblicazione
23 agosto 2014

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