The pizza night game:Conflict of interest and payoff inequality in tacit bargaining games with focal points

Isoni, Andrea and Sugden, Robert and Zheng, Jiwei (2020) The pizza night game:Conflict of interest and payoff inequality in tacit bargaining games with focal points. European Economic Review, 127. ISSN 0014-2921

Full text not available from this repository.

Abstract

We report the results of a new tacit bargaining experiment that provides two key insights about the effects of payoff inequality on coordination and cooperation towards efficient outcomes. The experiment features the novel Pizza Night game, which can disentangle the effects of payoff inequality and conflict of interest. When coordination relies on focal points based on labelling properties, payoff inequality does not interfere with the successful use of those properties. When there are efficiency cues that assist coordination, payoff inequality is not an obstacle to the maximisation of efficiency. Conflict of interest is the main barrier to successful coordination.

Item Type:
Journal Article
Journal or Publication Title:
European Economic Review
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
148023
Deposited By:
Deposited On:
08 Oct 2020 09:16
Refereed?:
Yes
Published?:
Published
Last Modified:
09 Oct 2020 06:21