Burda, Michael C.; Güth, Werner; Kirchsteiger, Georg; … - 1998 - Rev.
employees to accept lower wages as well? As an alternative to reviewing statistical data, we have performed an experiment with a … lower competitive wage in the second phase of an employment relationship that is known to both parties. The experiment casts …, the experimental results can be more fruitfully interpreted in terms of an “ultimatum game”, in which surplus between …