Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071312 | Games and Economic Behavior | 2017 | 13 Pages |
Abstract
We conduct a bargaining experiment where interaction is tacit and payoffs are earned and cumulated in real time. We test hypotheses about the interaction between the focal properties of payoffs and the complexity of coordinating on an intertemporal behavior that achieves them. The general finding is that when a payoff focal outcome requires a complicated coordination scheme bargainers tend to settle on a simpler and sometimes inefficient behavior.
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Economics and Econometrics
Authors
Wolfgang J. Luhan, Anders U. Poulsen, Michael W.M. Roos,