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Budget-balance, fairness and minimal manipulability

Andersson, Tommy; Ehlers, Lars H.; Svensson, Lars-Gunnar - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 3, pp. 753-777

group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent's bundle. In … this context, fairness is incompatible with budget-balance and non-manipulability (Green and Laffont, 1979). Our approach …

Persistent link: https://www.econbiz.de/10011674186

Self-Serving Use of Equity Rules in Bargaining with Asymmetric Outside Options

Hennig‐Schmidt, Heike - 2013

We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options. Building on the generalized equity principle formulated by Selten (1978), we derive three different equity rules that can explain 43% of all offers. Our within-subject design further...

Persistent link: https://www.econbiz.de/10013074889

Self-serving use of equity rules in bargaining with asymmetric outside options : conference paper

Hennig-Schmidt, Heike; Irlenbusch, Bernd; Rilke, Rainer … - 2013

We experimentally investigate the relevance of (asymmetric) outside options in ultimatum bargaining. Building on the generalized equity principle formulated by Selten (1978) we derive three different equity rules. These equity rules can explain 43% of all o ers. Our within-subject design allows...

Persistent link: https://www.econbiz.de/10010338950

Self-serving use of equity rules in bargaining with asymmetric outside options

Hennig-Schmidt, Heike; Irlenbusch, Bernd; Rilke, Rainer … - 2013

Persistent link: https://www.econbiz.de/10010191262

Dominant Strategy Implementation of Bargaining Solutions

Mizukami, Hideki; Wakayama, Takuma - 2020

We consider the problem where agents bargain over their shares of a perfectly divisible commodity. The aim of this paper is to identify the class of bargaining solutions induced by dominant strategy implementable allocation rules. To this end, we characterize the class of dominant strategy...

Persistent link: https://www.econbiz.de/10014041039

House allocation with overlapping agents : a dynamic mechanism design approach

Kurino, Morimitsu - 2009

Many real-life applications of house allocation problems are dynamic. For example, in the case of on-campus housing for college students, each year freshmen apply to move in and graduating seniors leave. Each student stays on campus for a few years only. A student is a "newcomer" in the...

Persistent link: https://www.econbiz.de/10003883281

House allocation with overlapping generations

Kurino, Morimitsu - 2011 - First Draft: October 2008, This Draft: May 2011

Persistent link: https://www.econbiz.de/10009152626

The economics of transboundary river management

Ansink, Erik; Houba, Harold - 2014

specific attention to the efficiency, sustainability, and fairness of solutions to this model. We compare and contrast both …

Persistent link: https://www.econbiz.de/10010412473

When Rationality and Fairness Conflict : The Role of Cognitive-Control in the Ultimatum Game

Halali, Eliran; Bereby-Meyer, Yoella; Meiran, Nachshon - 2011

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

Dividing justly in bargaining problems with claims

Gächter, Simon; Riedl, Arno - 2004

Theoretical research on claims problems has concentrated on normative properties and axiomatizations of solution concepts. We complement these analyses by empirical evidence on the predictability of three classical solution concepts in a bankruptcy problem. We examine both people's impartial...

Persistent link: https://www.econbiz.de/10011335222