Efficiency by Trust in Fairness? Multiperiod Ultimatum Bargaining Experiments with an Increasing Cake
AbstractPrevious ultimatum bargaining experiments have shown that bargainers face the conflict whether to exploit bargaining power or to comply with basic norms of distributive justice. In multiperiod ultimatum bargaining for an increasing cake, trust in fairness can enable cooperation and thus more efficient results but is also open to opportunistic exploitation. In such a game the two players take turns in being the one who suggest an agreement and decides whether this is the final proposal, whereas his partner can only accept this proposal or reject it. While the game theoretic solution implies an immediate agreement assigning nearly all the cake to the demanding player, efficiency requires to postpone the agreement to the last possible round. Our 2 [by] 2-factorial design varies the number of possible bargaining periods and the cake increase, allowing us to explore several hypotheses.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Springer in its journal International Journal of Game Theory.
Volume (Year): 22 (1993)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00182/index.htm
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Heijden, E.C.M. van der & Nelissen, J.H.M. & Potters, J.J.M. & Verbon, H.A.A., 1998.
"The poverty game and the pension game: The role of reciprocity,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-76585, Tilburg University.
- Van der Heijden, Eline C. M. & Nelissen, Jan H. M. & Potters, Jan J. M. & Verbon, Harrie A. A., 1998. "The poverty game and the pension game: The role of reciprocity," Journal of Economic Psychology, Elsevier, vol. 19(1), pages 5-41, February.
- Anderhub, Vital & Güth, Werner & Engelmann, Dirk, 1999.
"An experimental study of the repeated trust game with incomplete information,"
SFB 373 Discussion Papers
1999,97, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Anderhub, Vital & Engelmann, Dirk & Guth, Werner, 2002. "An experimental study of the repeated trust game with incomplete information," Journal of Economic Behavior & Organization, Elsevier, vol. 48(2), pages 197-216, June.
- Bardhan, Pranab & Bowles, Samuel & Gintis, Herbert, 1999.
"Wealth Inequality, Wealth Constraints and Economic Performance,"
Center for International and Development Economics Research, Working Paper Series
qt3bh899fh, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Bardhan, Pranab & Bowles, Samuel & Gintis, Herbert, 2000. "Wealth inequality, wealth constraints and economic performance," Handbook of Income Distribution, in: A.B. Atkinson & F. Bourguignon (ed.), Handbook of Income Distribution, edition 1, volume 1, chapter 10, pages 541-603 Elsevier.
- Pranab Bardhan, Samuel Bowles and Herbert Gintis., 1998. "Wealth Inequality, Wealth Constraints and Economic Performance," Center for International and Development Economics Research (CIDER) Working Papers C98-097, University of California at Berkeley.
- Pranab Bardhan & Samuel Bowles & Herbert Gintis, 1998. "Wealth Inequality, Wealth Constraints and Economic Performance," Microeconomics 9805002, EconWPA.
- Werner Güth & Martin G. Kocher, 2013.
"More than thirty years of ultimatum bargaining experiments: Motives, variations, and a survey of the recent literature,"
Jena Economic Research Papers
2013-035, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- Werner Güth & Martin G. Kocher, 2013. "More than Thirty Years of Ultimatum Bargaining Experiments: Motives, Variations, and a Survey of the Recent Literature," CESifo Working Paper Series 4380, CESifo Group Munich.
- Güth, W., 1993. "On ultimatum bargaining experiments: A personal review," Discussion Paper 1993-17, Tilburg University, Center for Economic Research.
- Benchekroun, Hassan & Long, Ngo Van, 2008.
"The build-up of cooperative behavior among non-cooperative selfish agents,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 67(1), pages 239-252, July.
- Hassan Benchekroun & Ngo Van Long, 2006. "The Build-up of Cooperative Behavior among Non-cooperative Agents," CIRANO Working Papers 2006s-17, CIRANO.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If references are entirely missing, you can add them using this form.