Land division: A lab-in-the-field bargaining experiment
We design a framed bargaining experiment to explore how farmers allocate inherited land. In the experiment, two players with heterogeneous productivity inherit a land plot yielding a risky production, and some tokens to bargain over a land allocation. We conduct this experiment in Colombia with 256 participants from rural municipalities and 120 undergraduate students. Although […]
Environmental valuation using bargaining games: an application to water
We characterize a general bargaining game useful for environmental valuation purposes. In this game, a jointly endowed asset is divisible into smaller units of two types:those with and without an associated costly attribute. Bargaining parties can use monetary transfers to their counterpart in exchange for accruing more units of the jointlyendowed asset. We show that […]