Abstract
We consider new three player games to test existing models of fairness. Our games consist of a proposer who offers an allocation of $10 between two players, either himself and the responder or the responder and a third party. In each case, the responder either accepts or rejects this allocation. In case of a rejection, the player who was not part of the initial division (the third party and the proposer, respectively) receives a rejection payoff (of $0, $5 or $10, depending on the game). Our results cast some doubt on existing fairness theories.
| Original language | English |
|---|---|
| Pages (from-to) | 173-186 |
| Number of pages | 14 |
| Journal | Journal of Economic Behavior and Organization |
| Volume | 56 |
| Issue number | 2 |
| DOIs | |
| State | Published - 1 Feb 2005 |
Keywords
- Bargaining
- Fairness
- Ultimatum game
ASJC Scopus subject areas
- Economics and Econometrics
- Organizational Behavior and Human Resource Management
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