MARC details
| 000 -LEADER |
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| fixed length control field |
01989nam a22002897a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER |
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| control field |
ZW-GwMSU |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20240301130235.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
240301b |||||||| |||| 00| 0 eng d |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER |
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| International Standard Serial Number |
00222186 |
| 040 ## - CATALOGING SOURCE |
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| Original cataloging agency |
MSU |
| Language of cataloging |
English |
| Transcribing agency |
MSU |
| Description conventions |
rda |
| 050 ## - LIBRARY OF CONGRESS CALL NUMBER |
|---|
| Classification number |
HB73 JOU |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Aivazian, Varouj A. |
| Relator term |
author |
| 245 10 - TITLE STATEMENT |
|---|
| Title |
Experimental tests of core theory and the coase theorem: |
| Remainder of title |
inefficiency and cycling |
| Statement of responsibility, etc. |
by Varouj A. Aivazian, Jeffrey L. Callen and Susan McCracken |
| 264 ## - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Place of production, publication, distribution, manufacture |
Chicago: |
| Name of producer, publisher, distributor, manufacturer |
University of Chicago Press; |
| Date of production, publication, distribution, manufacture, or copyright notice |
2009. |
| 336 ## - CONTENT TYPE |
|---|
| Source |
rdacontent |
| Content type term |
text |
| Content type code |
txt |
| 337 ## - MEDIA TYPE |
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| Source |
rdamedia |
| Media type term |
unmediated |
| Media type code |
n |
| 338 ## - CARRIER TYPE |
|---|
| Source |
rdacarrier |
| Carrier type term |
volume |
| Carrier type code |
nc |
| 440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE |
|---|
| Title |
Journal of law and economics |
| Volume/sequential designation |
Volume 52, number 4, |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
We examine experimentally the bargaining process and the final allocation of payoffs in games that differ in terms of whether the core exists and in the initial allocation of property rights among the players. This paper highlights the interaction among property rights, transaction costs, and the empty core. Our experimental results indicate that the existence of the core is an important determinant of bargaining generally and the Coase theorem in particular. They confirm our conjecture that when the core is empty and property rights are ill defined, Coasean efficiency breaks down. Among other results, our experiments show that the number of inefficient (non‐Pareto‐optimal) agreements and bargaining rounds with cycling are significantly greater when the core is empty than when the core exists, especially when property rights are ill defined. Our results suggest an economic role for specific property right arrangements to resolve the empty core |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Bargaining |
| General subdivision |
Bargaining theory |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Coalition bargaining |
| General subdivision |
Coase theorem |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Experimentation |
| General subdivision |
Linear regression |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Callen, Jeffrey L. |
| Relator term |
co author |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
McCracken, Susan |
| Relator term |
co author |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
|---|
| Uniform Resource Identifier |
https://doi.org/10.1086/596562 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Source of classification or shelving scheme |
Library of Congress Classification |
| Koha item type |
Journal Article |