The costs and benefits of symmetry in common-ownership allocation problems

Abstract

In experimental partnership dissolution problems with complete information, the divide-and-choose mechanism is significantly superior to the winner’s-bid auction. The performance of divide-and-choose is mainly affected by reciprocity issues and not by bounded rationality. The performance of the winner’s-bid auction is significantly affected by bounded… (More)
DOI: 10.1016/j.geb.2016.01.008

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Cite this paper

@article{Brown2016TheCA, title={The costs and benefits of symmetry in common-ownership allocation problems}, author={Alexander L. Brown and Rodrigo A. Velez}, journal={Games and Economic Behavior}, year={2016}, volume={96}, pages={115-131} }