Coasean bargaining with nonconvexities
Jason Shogren,
Randy Moffett and
Michael Margolis ()
Applied Economics Letters, 2002, vol. 9, issue 15, 971-977
Abstract:
It is found that nonconvexities do not reduce the overall efficiency of Coasean bargaining in the laboratory. Also, it is observed that most bargainers act in their own constrained self-interest when bargaining over an efficient corner solution relative to the standard baseline case.
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:9:y:2002:i:15:p:971-977
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DOI: 10.1080/13504850210148116
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