Journal article icon

Journal article

Buying up the block: An experimental investigation of capturing economic rents through sequential negotiations

Abstract:

This paper analyzes an economic experiment designed to measure the effect of “legal technology” on the economic efficiency of Coasian bargaining. In the experiment, the agreement of many agents (called “landowners”) to transfer their property rights to a single agent (called “the developer”) generates an economic surplus. In this setting, we show that a very primitive legal technology sequential cash purchase (SC-P) is a strong implementation of a unique efficient bargaining outcome as a subg...

Expand abstract
Publication status:
Published
Peer review status:
Peer reviewed

Actions


Access Document


Files:
Publisher copy:
10.1093/jleo/eww015

Authors


More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Said Business School
Role:
Author
Publisher:
Oxford University Press
Journal:
Journal of Law, Economics and Organization More from this journal
Volume:
33
Issue:
1
Pages:
139–172
Publication date:
2016-12-23
Acceptance date:
2016-09-27
DOI:
Pubs id:
pubs:647885
UUID:
uuid:2368c682-249f-422c-821c-b4214ef8b198
Local pid:
pubs:647885
Source identifiers:
647885
Deposit date:
2016-10-04

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP