ENGLISH

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

By Dr. Dr. Marlies Klemisch-Ahlert (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
1996
ISBN
978-3-540-61048-9, 978-3-642-46827-8
DOI
10.1007/978-3-642-46827-8
Language
english
Format
PDF
Filesize
4 MB (4267882 bytes)
Series
Lecture Notes in Economics and Mathematical Systems 436
Edition
1
Pages
155\162
Time added
2013-12-12 02:00:00
Economic Theory

Description

In the first part of this book bargaining experiments with different economic and ethical frames are investigated. The distributive principles and norms the subjects apply and their justifications for these principles are evaluated. The bargaining processes and the resulting agreements are analyzed. In the second part different bargaining theories are presented and the corresponding solutions are axiomatically characterized. A bargaining concept with goals that depend on economic and ethical features of the bargaining situation is introduced. Observations from the experimental data lead to the ideas for the axiomatic characterization of a bargaining solution with goals.

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