Naked Exclusion: An Experimental Study of Contracts with Externalities

Claudia M. Landeo, Kathryn E. Spier

NBER Working Paper No. 14115
Issued in June 2008

---- Acknowledgements -----

Claudia Landeo acknowledges financial support from Carnegie Mellon University and the hospitality of the Harvard Law School and the Kellogg School of Management. Part of this research was conducted at Carnegie Mellon University where Claudia Landeo was a visiting Associate Professor of Economics. Kathryn Spier acknowledges financial support from the Paget Chair at Northwestern University and the John M. Olin Center for Law, Economics, and Business at the Harvard Law School. We wish to thank Kathy Zeiler, Christian Zehnder, seminar participants at Harvard and Georgetown, conference participants at the 2007 North American Meetings of the Economic Science Association, and especially Louis Kaplow and Abe Wickelgren for their comments. We thank Tim Yuan for programming the software used in this study and Jamie Dana for his help in testing the software. The usual qualifier applies. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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