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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
Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers’ aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations...
Persistent link: https://www.econbiz.de/10011771180
complementarity and how it is influenced by fairness concern and information transparency. We base our setup on a structured … value of the deal approximately half-half with the buyer as a normative fairness benchmark. The buyers, on the other hand …, did not have a demand for fairness that was based on a fairness benchmark. …
Persistent link: https://www.econbiz.de/10015073214
view of fairness than past experiments, considering both distributive justice (how much I get) and procedural justice (the … the fairness hypothesis (arguing that fairness concerns would lead to similar distributions in the ultimatum and dictator … games) may be due to a failure to account for fairness as both a distributive and procedural concern …
Persistent link: https://www.econbiz.de/10014047994
We run laboratory experiments where subjects are matched to colleges, and colleges are not strategic agents. We test the Gale-Shapley Deferred Acceptance (DA) mechanism versus the Iterative Deferred Acceptance Mechanism (IDAM), a matching mechanism based on a new family of procedures being used...
Persistent link: https://www.econbiz.de/10011574107
The strategic commitment moves that game theory predicts players make may sometimes seem counter-intuitive. We therefore conducted an experiment to see if people make the predicted strategic move. The experiment uses a simple bargaining situation. A player can make a strategic move of committing...
Persistent link: https://www.econbiz.de/10012718234
We experimentally study how redistribution choices are affected by positive and negative information regarding the behaviour of a previous participant in a dictator game with a taking option. We use the strategy method to identify behavioural ‘types', and thus distinguish ‘conformists' from...
Persistent link: https://www.econbiz.de/10012865728
We run laboratory experiments where subjects are matched to colleges, and colleges are not strategic agents. We test the Gale-Shapley Deferred Acceptance (DA) mechanism versus the Iterative Deferred Acceptance Mechanism (IDAM), a matching mechanism in which students make applications one at a...
Persistent link: https://www.econbiz.de/10012935327
fairness. In an infinite horizon bargaining game, a proposer proposes a division of chips, until a responder accepts. Given … private information about fairness preferences and patient players, the Coase conjecture predicts almost immediate agreement …
Persistent link: https://www.econbiz.de/10012890400
of lottery tickets, which is inconsistent with either ex ante or ex post fairness. In contrast, responders have a … significantly higher acceptance threshold, which is consistent with ex post fairness. By varying the timing of the accept …
Persistent link: https://www.econbiz.de/10012828297