Fellner, Gerlinde; Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
Threat power is the ability to impose a great loss on someone else at relativelylow own cost and can be measured by the ratio of other’s and own loss. It can bevaried by assuming that rejecting an ultimatum reduces the payoff of the proposerto its lambda–share and that of the responder to...