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Although fairness concerns may be relevant, they appear to be too simple an explanation for why game theory's strong predictions for ultimatum games are so rarely supported. Self interested offerers want to avoid rejections; unpredicted, non-equilibrium behavior is more valuable and effective...
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The effect of alternative property rights regimes on the choice between taking an object and acquiring it via a consensual exchange is experimentally explored in a two-period screening game. Results are generally consistent with equilibrium predictions, suggesting that property rights regimes...
Persistent link: https://www.econbiz.de/10014171676
The effect of alternative property rights regimes on the choice between taking an object and acquiring it via consensual exchange is experimentally explored in a two-period screening model. Experimental treatments involving card game implementation yield results that are generally consistent...
Persistent link: https://www.econbiz.de/10014190307