Article ID Journal Published Year Pages File Type
10437885 Journal of Economic Behavior & Organization 2005 14 Pages PDF
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.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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