Showing 1 - 10 of 47
The findings on the ultimatum game are considered as belonging to the most robust experimental results. In this paper we present a slightly altered version of the mini ultimatum game of Bolton and Zwick (1995). Whereas in the latter exactly equal splits were feasible in our games these were...
Persistent link: https://www.econbiz.de/10009574884
bargaining between the interested parties. Whereas earlier the results of bargaining were seen as unpredictable or determined by … an at most vaguely defined concept of (relative) bargaining power, it is simply a field of application in view of game … theory. Our discussion tries to elaborate the specific institutional aspects of international bargaining with interacting …
Persistent link: https://www.econbiz.de/10009661013
Rational bargaining behavior depends crucially on the rules of bargaining, especially on whether parties decide … sequentially or independently. Whereas in ultimatum bargaining the proposer can exploit the responder, independent commitments … result in more balanced payoffs. To limit the scope of possible bargaining results we try to rule out certain bargaining …
Persistent link: https://www.econbiz.de/10009574886
endowment effect improves one's bargaining position in bilateral trades. We show that for a general class of evolutionary …
Persistent link: https://www.econbiz.de/10009657123
distribution of the buyer's reservation price. We show that periods with no buyer refusals, of offers or bargaining with no …'s favour during the day. These presumptions are then shown to be confirmed by our data set. -- Bargaining ; Markets …
Persistent link: https://www.econbiz.de/10009624846
In equal punishment games first the proposer suggests how to split the pie, i.e. a positive monetary reward. Unlike in the ultimatum game, the responder can decide among many (for proposer and responder) equal penalty payments. To exclude negative payoffs, punishment was bounded from above...
Persistent link: https://www.econbiz.de/10009581099
ultimatum bargaining, i.e. to choosing how much the responder should be offered. For this purpose the "Master Module" as well as …
Persistent link: https://www.econbiz.de/10009583892
Starting point of our (indirect) evolutionary analysis is the sequential bargaining model of Manning (1987) who … distinguishes between trade union's power in initial wage and in later employment negotiations. By linking two such collective … bargaining situations we can say which of the two (two-dimensional) power constellations is better and thereby derive the power …
Persistent link: https://www.econbiz.de/10009612014
The game theoretic prediction for alternating offer bargaining depends crucially on how “the pie” changes over time …, and whether the proposer in a given round has ultimatum power. We study experimentally eight such bargaining games. Each …
Persistent link: https://www.econbiz.de/10009612565
On May 11, 2001, readers of the Berliner Zeitung were invited to participate in an ultimatum bargaining experiment … to the rules of ultimatum bargaining and three randomly chosen participants of those who predicted the most frequent type … described, statistically analyzed, and compared to usual laboratory ultimatum bargaining results. -- fairness ; ultimatum …
Persistent link: https://www.econbiz.de/10009614299