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Buying a pig in a poke: An experimental study of unconditional veto power

  • Gehrig, Thomas
  • Guth, Werner
  • Levati, Vittoria
  • Levinsky, Rene
  • Ockenfels, Axel
  • Uske, Tobias
  • Weiland, Torsten

We 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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Article provided by Elsevier in its journal Journal of Economic Psychology.

Volume (Year): 28 (2007)
Issue (Month): 6 (December)
Pages: 692-703

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Handle: RePEc:eee:joepsy:v:28:y:2007:i:6:p:692-703
Contact details of provider: Web page: http://www.elsevier.com/locate/joep

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  8. Forsythe Robert & Horowitz Joel L. & Savin N. E. & Sefton Martin, 1994. "Fairness in Simple Bargaining Experiments," Games and Economic Behavior, Elsevier, vol. 6(3), pages 347-369, May.
  9. Croson, Rachel T. A., 1996. "Information in ultimatum games: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 30(2), pages 197-212, August.
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  11. Rapoport, Amnon & Sundali, James A, 1996. "Ultimatums in Two-Person Bargaining with One-Sided Uncertainty: Offer Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 25(4), pages 475-94.
  12. Kagel, John H. & Kim, Chung & Moser, Donald, 1996. "Fairness in Ultimatum Games with Asymmetric Information and Asymmetric Payoffs," Games and Economic Behavior, Elsevier, vol. 13(1), pages 100-110, March.
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