An Experiment on Coasian Bargaining over Ex Ante Lotteries and Ex Post Rewards

dc.contributor.author Shogren, Jason
dc.contributor.department Center for Agricultural and Rural Development
dc.date 2018-02-16T11:26:20.000
dc.date.accessioned 2020-06-30T01:06:24Z
dc.date.available 2020-06-30T01:06:24Z
dc.date.embargo 2015-06-04
dc.date.issued 1990-07-01
dc.description.abstract <p>We examine Coasian bargaining under uncertain payoff streams. subjects bargained over both an ex ante lottery and the ex post reward. The results indicate nearly 87 percent of all agreements were Pareto efficient. However, only 7.3 percent were mutually advantageous, while nearly 85 percent of all agreements split the reward equally.</p> <p>Consequently, we remain cautious about policy recommendations based on the Coase theorem where uncertain payoffs exist. Finally we find no evidence supporting the proposition that a fundamental difference exists between bargaining behavior over the ex ante lottery and the ex post rewards of an uncertain event.</p>
dc.identifier archive/lib.dr.iastate.edu/card_workingpapers/91/
dc.identifier.articleid 1095
dc.identifier.contextkey 7180194
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath card_workingpapers/91
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/13014
dc.source.bitstream archive/lib.dr.iastate.edu/card_workingpapers/91/90wp63.pdf|||Sat Jan 15 02:28:14 UTC 2022
dc.subject.disciplines Behavioral Economics
dc.title An Experiment on Coasian Bargaining over Ex Ante Lotteries and Ex Post Rewards
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isOrgUnitOfPublication 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d
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