"Buying a pig in a poke": An experimental study of unconditional veto power
AbstractWe study an ultimatum experiment in which the responder does not know the offer when accepting or rejecting. Unconditional veto power leads to acceptances, although proposers are significantly greedier than in standard ultimatum games, and this is anticipated by responders.
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Bibliographic InfoPaper provided by Max Planck Institute of Economics, Strategic Interaction Group in its series Papers on Strategic Interaction with number 2005-39.
Length: 17 pages
Date of creation: Nov 2005
Date of revision:
Other versions of this item:
- Gehrig, Thomas & Guth, Werner & Levati, Vittoria & Levinsky, Rene & Ockenfels, Axel & Uske, Tobias & Weiland, Torsten, 2007. "Buying a pig in a poke: An experimental study of unconditional veto power," Journal of Economic Psychology, Elsevier, vol. 28(6), pages 692-703, December.
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-01 (All new papers)
- NEP-GTH-2006-01-01 (Game Theory)
- NEP-KNM-2006-01-01 (Knowledge Management & Knowledge Economy)
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