Experimental results on bargaining under alternatives property rights regimes |
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Authors: | Croson, R Johnston, JS |
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Affiliation: | The Wharton School, University of Pennsylvania, Philadelphia, PA 19104, USA |
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Abstract: | The effect of alternative property rights regimes on the choicebetween taking an object and acquiring it via a consensual exchangeis experimentally explored in a two-period screening game. Resultsare generally consistent with equilibrium predictions, suggestingthat property rights regimes have a significant impact on observedbehavior. |
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