Economic Theory

Bargaining in Economic and Ethical Environments: An by Marlies Klemisch-Ahlert

By Marlies Klemisch-Ahlert

In the 1st a part of this e-book bargaining experiments with various monetary and moral frames are investigated. The distributive rules and norms the themes practice and their justifications for those ideas are evaluated. The bargaining techniques and the ensuing agreements are analyzed. within the moment half diversified bargaining theories are awarded and the corresponding strategies are axiomatically characterised. A bargaining idea with objectives that depend upon fiscal and moral good points of the bargaining scenario is brought. Observations from the experimental information bring about the guidelines for the axiomatic characterization of a bargaining resolution with goals.

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Extra info for Bargaining in Economic and Ethical Environments: An Experimental Study and Normative Solution Concepts

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Payoff ________ Equal .. . .......... .. 5 ....... .... .......... ----... _..... __.. --. -.. --.. . -... - ... -.. -_. --. 5 .. ..... ........ ............ . 5 .. 4 Monotonicity in Planned Bargaining Goals Planned bargaining goals depend on the norms and their justifications the subjects have in mind when they are faced with a given bargaining situation. We concentrate the analysis on planned bargaining goals because this kind of aspiration levels is the one that is most independent of the anticipation of the negotiation process.

5 leads to estimated agreements where the weaker party is relatively worse off. From the four data sets we observe a monotonicity relation between the payoff ratios and the truncation levels. And we find that the multiplied payoff scales lead to a relatively greater estimated succes of the stronger party. This tendency is also observed in dictatorship experiments and ultimatum bargaining experiments (cf. Giith 1989). 5 . 0 ,.. :'<.. .. .. .... ----------- Payoff ________ Equal .. . ..........

The payoff constellation is defined by Situation 5. The positions in the game were assigned randomly to the subjects. Group A had to make the first offer. 50 DM for each player in Group A and 6 DM for each player in Group B. : Distributive Results in Bargaining Experiments. In: Gaertner,W. and KlemischAhlert,M. 1 48 The planned bargaining goal of Group A was (1014) which corresponds to the proportionality principle over the whole payoff set. The agreement that was seen as attainable and the lowest acceptable agreement by Group A was (916).

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