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-serving biases concerning their fairness judgements. Moreover, psychological literature suggests that this can be a driving force of …
Persistent link: https://www.econbiz.de/10010439370
prosocial motivations related to fairness are completely removed. In our experiment, the only reason to make a non-zero offer is …
Persistent link: https://www.econbiz.de/10014166293
Fairness considerations are important determinants of behavior in unstructured bargaining situations with equal … entitlementrelated fairness ideals might be relevant. In our experiment we first elicit subjects’ fairness ideals using a questionnaire … the elicited fairness ideals guide subjects’ behavior in the subsequent bargaining in which the joint output is …
Persistent link: https://www.econbiz.de/10010187486
We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options …. Building on the generalized equity principle formulated by Selten (1978), we derive three different equity rules that can … explain 43% of all offers. Our within-subject design further allows us to show that proposers use different equity rules and …
Persistent link: https://www.econbiz.de/10010191262
generalized equity principle formulated by Selten (1978) we derive three different equity rules. These equity rules can explain 43 …% of all o ers. Our within-subject design allows us to show that proposers apply the equity rules in a self-serving manner …
Persistent link: https://www.econbiz.de/10010338950
In the hold-up problem incomplete contracts cause the proceeds of relation-specific investments to be allocated by ex-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences implying heterogeneous bargaining behavior...
Persistent link: https://www.econbiz.de/10010371083
In the hold-up problem incomplete contracts cause the proceeds of relation specific investments to be allocated by ex-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences implying heterogeneous bargaining behavior...
Persistent link: https://www.econbiz.de/10002812571
Persistent link: https://www.econbiz.de/10013336364
Offer and the Exit variant - in terms of fairness and efficiency. To assess the fairness of the allocations obtained by … elicited in a hypothetical fairness question, and we evaluate them from an impartial point of view using spectators' responses …
Persistent link: https://www.econbiz.de/10010194818
We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options …. Building on the generalized equity principle formulated by Selten (1978), we derive three different equity rules that can … explain 43% of all offers. Our within-subject design further allows us to show that proposers use different equity rules and …
Persistent link: https://www.econbiz.de/10013074889