Dividing justly in bargaining problems with claims
Subtitle: normative judgments and actual negotiations
By: by Simon Gächter, Arno Riedl.
Contributors: Riedl, Arno.
Series: Discussion paper ;; no. 1375; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1375
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Description: "Theoretical research on claims problems has concentrated on normative properties and axiomatizations of solution concepts. We complement these analyses by empirical evidence on the predictability of three classical solution concepts in a bankruptcy problem. We examine both people's impartial normative evaluations as well as their actual negotiation behavior in a bargaining with claims environment. We measure people's judgments on the normative attractiveness of solution concepts with the help of a survey and also observe actual agreements in a bargaining experiment with real money at stake. We find that the proportional solution is the normatively most attractive rule, whereas actual negotiation agreements are closest to the 'constrained equal award' solution"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/15/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.