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market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … approaches theWalrasian competitive equilibrium, independently of the traders’ inequity aversion. Fairness may yield a Pareto …This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …
Persistent link: https://www.econbiz.de/10012587476
market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … approaches the Walrasian competitive equilibrium, independently of the traders’ inequity aversion. Fairness may yield a Pareto …This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …
Persistent link: https://www.econbiz.de/10012648091
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
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In a duopoly market, aspiration levels express how much sellers want to earn given their expectations about the other's behavior. We augment the sellers' decision task by eliciting their profit aspiration. In a first experimental phase, whenever satisficing is not possible, sales choices, point...
Persistent link: https://www.econbiz.de/10009734685
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