Showing 1 - 10 of 323
-interest or envy, of one bargaining party as private information in a three period game of bargaining and preference screening and … signaling. …
Persistent link: https://www.econbiz.de/10009754119
in real life. Our study involves 15 negotiations from Germany and China. Over the course of the negotiation, bargainers … negotiations are characterized by long periods of stagnation, only minimal concessions, and the communication of false goals. By …
Persistent link: https://www.econbiz.de/10011771180
We report an experiment designed to study bargaining behavior between one buyer and multiple sellers with … complementarity and how it is influenced by fairness concern and information transparency. We base our setup on a structured … value of the deal approximately half-half with the buyer as a normative fairness benchmark. The buyers, on the other hand …
Persistent link: https://www.econbiz.de/10015073214
fairness norms. Participants introduce fairness norms which yield a better outcome for themselves in order to convince the … other participant of their bargaining proposal. Typically, these fairness norms are in line with theoretical predictions …, which support a wide variety of different but fair outcomes the participants can choose from. In this experiment, we play …
Persistent link: https://www.econbiz.de/10011709286
Is the willingness to make trades influenced by how the total gains from trade are split between the trading partners? We present results from a bilateral trade game (n = 128) where all participants were price-takers and trading pairs faced one of three exogenously imposed trading prices. The...
Persistent link: https://www.econbiz.de/10012168600
emotional mechanisms have been proposed as a possible explanation. In particular, feelings of fairness, anger and envy are …
Persistent link: https://www.econbiz.de/10009752872
account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its … alternating offers, and the sequential CPR dilemma game. The emergence of the golden ratio as the fairness solution in these games …
Persistent link: https://www.econbiz.de/10013252726
We consider Rubinstein’s two-person alternating-offer bargaining model with two-sided incomplete information. We investigate the effects of one party having relative concerns about the bargaining outcome and the delay in reaching an agreement. We find that facing an opponent with stronger...
Persistent link: https://www.econbiz.de/10009785434
In an incomplete information setting, we analyze the sealed bid auction proposed by Knaster (cf. Steinhaus (1948)). This procedure was designed to efficiently and fairly allocate multiple indivisible items when participants report their valuations truthfully. In equilibrium, players do not...
Persistent link: https://www.econbiz.de/10009753712
We auction scarce rights to play the Proposer and Responder positions in ultimatum games. As a control treatment, we randomly allocate these rights and charge exogenous participation fees. These participation fee sequences match the auction price sequence from a session of the original...
Persistent link: https://www.econbiz.de/10010240820