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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 …, did not have a demand for fairness that was based on a fairness benchmark. …
Persistent link: https://www.econbiz.de/10015073214
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
Given the vital and controversial debate on fairness concerns in international climate negotiations, the acceptance of … international climate negotiations to address the question whether negotiating weights for different fairness concepts may enlarge … the bargaining space among heterogeneous agents and overcome the currently dominating self-interested use of fairness …
Persistent link: https://www.econbiz.de/10010357594
fairness concerns and in order to facilitate the negotiations …
Persistent link: https://www.econbiz.de/10012717240
Concerns about fairness among countries remain significant obstacles to a stronger global climate treaty. This paper …
Persistent link: https://www.econbiz.de/10014423504
We conduct 3-person bargaining experiments in which the surplus being divided is produced by completing a prior task … experiments in which an exogenous surplus is divided, few subjects attempt to build minimum winning coalitions when the surplus is …
Persistent link: https://www.econbiz.de/10012112125
fairness considerations. Using two independent behavioral measurements, the authors tested two contradicting predictions: that … the preference for fairness is a deliberative cognitive-controlled act or that it is an automatic act. In Experiment 1 … Experiment 2, it took longer to accept than to reject unfair offers. These results suggest that fairness considerations operate …
Persistent link: https://www.econbiz.de/10014181014
challenged this assumption. A canonical example involves experiments using the “Ultimatum Game”, which consistently find much … 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
This paper reports the results of experiments involving a 3-personcoalitionformation game with an ultimatumbargaining …-person ultimatumbargainingexperiments, negative reciprocity (i.e.punishment of unfair offers) plays a crucial role in … decision making.Thehypothesis that selfishness and anticipatednegative reciprocity by proposers together with actual …
Persistent link: https://www.econbiz.de/10011301150