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Moral Property Rights in Bargaining with Infeasible Claims

Listed author(s):
  • Simon Gächter

    ()

    (CESifo, and University of St Gallen)

  • Arno Riedl

    ()

    (Faculty of Economics and Econometrics, University of Amsterdam)

In many business transactions, in labor-management relations, in internationalconflicts, and welfare state reforms bargainers hold strong entitlements that are oftengenerated by claims that are not feasible any more. These entitlements seem to considerablyshape negotiation behavior. By using the novel setup of a 'bargaining with claims' experimentwe provide new systematic evidence tracking the influence of entitlements and obligationsthrough the whole bargaining process. We find strong entitlement effects that shape openingoffers, bargaining duration, concessions and reached (dis-)agreements. We argue thatentitlements constitute a 'moral property right' that is influential independent ofnegotiators' legal property rights.

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Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 03-055/1.

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Date of creation: 18 Jun 2003
Handle: RePEc:tin:wpaper:20030055
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