We investigate a partially directed search market where buyers search for sellers and then final prices are determined by ultimatum game bargaining. In the search stage of this game, sellers post intervals of possible surplus splits to attract buyers and then buyers approach one seller from whom...

A motivating employment environment benefi ts the satisfaction, productivity and welfare of employees, and it is the key to the success of an organization. We experimentally examine the effects of employees' promises on boosting the wage and effort level in the workplace. Employees make a...