Güth, Werner; Kocher, Martin G. - In: Journal of Economic Behavior & Organization 108 (2014) C, pp. 396-409
Take-it or leave-it offers are probably as old as mankind. Our objective here is, first, to provide a, probably subjectively colored, recollection of the initial ultimatum game experiment, its motivation and the immediate responses. Second, we discuss extensions of the standard ultimatum...