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

By Marlies Klemisch-Ahlert

In the 1st a part of this booklet bargaining experiments with diverse monetary and moral frames are investigated. The distributive ideas and norms the topics observe and their justifications for those ideas are evaluated. The bargaining strategies and the ensuing agreements are analyzed. within the moment half varied bargaining theories are awarded and the corresponding ideas are axiomatically characterised. A bargaining proposal with pursuits that rely on financial and moral positive factors of the bargaining scenario is brought. Observations from the experimental information bring about the information for the axiomatic characterization of a bargaining resolution with goals.

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

Sample text

For truncation levels between 13 and 36, where Group B is the stronger party, the estimated planned 39 bargaining goal of Group A lies below, but close to the "Equal" line. This means that in these situations Group A plans to get about the same payoff as Group B, but for lower truncation levels a little more than Group B. We remark that for truncation levels between 15 and 36, the equal payoff principle is the best distributive principle for Group A from the set of discussed and applied principles.

Group B expected that Group A was planning to get (1014). Their expectations about the lowest acceptable agreement of Group A are not clear. Between the two players in Group B, there was a discussion how to deal with the outcomes between (616) and (916). Player 3 suggested to aspire to (616) and not to give the opponents more money without fighting. Player 4 said that he and his partner should be indifferent between the points in the interval from (616) to (916). He asked his partner for his reasons and he asked whether he simply wanted to be beastly.

As the data for the variable "Planned Bargaining Goal of Group A (B)" we choose the point in the payoff table that belongs to the payoff Group A (B) really wants to get in an agreement. Either the data is taken from the discussion before the game starts or from the discussions during the first rounds. If a group does not name a unique point, but describes an interval in which the planned bargaining goal lies, we choose the midpoint of this interval as the data for their planned bargaining goal.

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