Goeree, Jacob K.; Holt, Charles A. - University of Virginia, Department of Economics
In two-stage bargaining games with alternating offers, the amount of the pie that remains after a rejection is what the … first player should offer to the second player, since the second player can capture this remainder in the final (ultimatum …. The parameters representing "envy," "guilt," and logit errors are all significant, and the resulting model produces the …