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Replication Data for: Two Person Bargaining Mechanisms: A Laboratory Experiment.

Harvard Dataverse (Africa Rice Center, Bioversity International, CCAFS, CIAT, IFPRI, IRRI and WorldFish)

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Title Replication Data for: Two Person Bargaining Mechanisms: A Laboratory Experiment.
 
Identifier https://doi.org/10.7910/DVN/IB5TI4
 
Creator Bol, Damien
Laslier, Jean-François
Nunez, Matias
 
Publisher Harvard Dataverse
 
Description We conduct a series of experiments in which two subjects bargain over five options. Following an experimental design closely related to De Clippel et al. (Am Econ Rev 104:3434–3458, 2014), we evaluate the performance of three bargaining mechanisms: (α) one subject shortlists a block of three options before the other chooses one among them, (𝛽) both subjects veto options simultaneously and in a block, and (𝛾) both subjects veto options simultaneously and gradually one after the other. We document that the non-symmetric shortlisting mechanism (α) is highly efficient, but our data also suggest the existence of a first-mover advantage as subjects become more experienced. The simultaneous mechanism (𝛽) is less efficient than (α) and generates a high level of ex-post inequality. The gradual veto mechanism (𝛾) is no less efficient than (α), but has the important advantage of shutting down the possibility of any first-mover advantage.
 
Subject Social Sciences
 
Contributor Bol, Damien