Bargaining in Economic and Ethical Environments: An Experimental Study and Normative Solution Concepts
Marlies Klemisch-Ahlert
Dec 2012 · Lecture Notes in Economics and Mathematical Systems Book 436 · Springer Science & Business Media
Ebook
155
Pages
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About this ebook
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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