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Coasean bargaining with nonconvexities

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Listed:
  • Jason Shogren
  • Randy Moffett
  • Michael Margolis

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.

Suggested Citation

  • Jason Shogren & Randy Moffett & Michael Margolis, 2002. "Coasean bargaining with nonconvexities," Applied Economics Letters, Taylor & Francis Journals, vol. 9(15), pages 971-977.
    • Handle: RePEc:taf:apeclt:v:9:y:2002:i:15:p:971-977
    DOI: 10.1080/13504850210148116
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    References listed on IDEAS

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    1. Peter J. Hammond & Antonio Villar, 1998. "Efficiency with Non‐Convexities: Extending the “Scandinavian Consensus” Approaches," Scandinavian Journal of Economics, Wiley Blackwell, vol. 100(1), pages 11-32, March.
    2. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    3. Shogren, Jason F., 1992. "An experiment on Coasian bargaining over ex ante lotteries and ex post rewards," Journal of Economic Behavior & Organization, Elsevier, vol. 17(1), pages 153-169, January.
    4. Baumol, William J & Bradford, David F, 1972. "Detrimental Externalities and Non-Convexity of the Production Set," Economica, London School of Economics and Political Science, vol. 39(154), pages 160-176, May.
    5. Starrett, David A., 1972. "Fundamental nonconvexities in the theory of externalities," Journal of Economic Theory, Elsevier, vol. 4(2), pages 180-199, April.
    6. Anderson, Siwan & Francois, Patrick, 1997. "Environmental Cleanliness as a Public Good: Welfare and Policy Implications of Nonconvex Preferences," Journal of Environmental Economics and Management, Elsevier, vol. 34(3), pages 256-274, November.
    7. Dasgupta, Partha, 1991. "Nutrition, Non-convexities and Redistributive Policies," Economic Journal, Royal Economic Society, vol. 101(404), pages 22-26, January.
    8. Shogren, Jason F., 1998. "Coasean bargaining with symmetric delay costs," Resource and Energy Economics, Elsevier, vol. 20(4), pages 309-326, December.
    9. Hoffman, Elizabeth & Spitzer, Matthew L, 1982. "The Coase Theorem: Some Experimental Tests," Journal of Law and Economics, University of Chicago Press, vol. 25(1), pages 73-98, April.
    10. Spencer, Michael A. & Shogren, Jason F., 2000. "Protocol for inexperienced Coasean bargainers confronting delay costs," Resource and Energy Economics, Elsevier, vol. 22(1), pages 79-90, January.
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    Cited by:

    1. Agee, Mark D. & Crocker, Thomas D., 2013. "Operationalizing the capability approach to assessing well-being," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 46(C), pages 80-86.
    2. repec:ebl:ecbull:v:3:y:2007:i:68:p:1-7 is not listed on IDEAS
    3. Oren Bar-Gill & Christoph Engel, 2016. "Bargaining in the Absence of Property Rights: An Experiment," Journal of Law and Economics, University of Chicago Press, vol. 59(2), pages 477-495.
    4. Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
    5. Elodie Bertrand, 2014. "Allowing exchanges over externalities: From ban to obligation [Autorisation à l'échange sur des externalités: De l'interdiction à l'obligation]," Post-Print hal-03507657, HAL.

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