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The pizza night game : conflict of interest and payoff inequality in tacit bargaining games with focal points
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Isoni, Andrea, Sugden, R. and Zheng, J. (2020) The pizza night game : conflict of interest and payoff inequality in tacit bargaining games with focal points. European Economic Review , 127 . 103428. doi:10.1016/j.euroecorev.2020.103428
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Official URL: https://doi.org/10.1016/j.euroecorev.2020.103428
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 | ||||||||
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| Subjects: | B Philosophy. Psychology. Religion > BF Psychology G Geography. Anthropology. Recreation > GN Anthropology J Political Science > JC Political theory T Technology > TX Home economics |
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| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||
| Library of Congress Subject Headings (LCSH): | Pizza, Games, Tacit knowledge, Negotiation, Conflict of interests | ||||||||
| Journal or Publication Title: | European Economic Review | ||||||||
| Publisher: | Elsevier | ||||||||
| ISSN: | 0014-2921 | ||||||||
| Official Date: | August 2020 | ||||||||
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| Date of first compliant deposit: | 19 March 2020 | ||||||||
| Volume: | 127 | ||||||||
| Article Number: | 103428 | ||||||||
| DOI: | 10.1016/j.euroecorev.2020.103428 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| RIOXX Funder/Project Grant: |
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