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Price Rigidity in an Experimental Market

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Fairness in Bargaining and Markets

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 627))

Abstract

Experimental evidence of fair behavior in bilateral bargaining situations is well known, and the ultimatum game dominates publications in this domain. In contrast to studies of bilateral interactions, studies of market games mostly find limited or no effects of fairness, which leads many to cast doubt on the relevance of fairness in market settings.

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Authors and Affiliations

  1. School of Law, Business and Economics, University of Bayreuth, Universitätsstraße 30, 95447, Bayreuth, Germany

    Dr. Christian Korth

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  1. Dr. Christian Korth
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Correspondence to Christian Korth .

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© 2009 Springer-Verlag Berlin Heidelberg

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Korth, C. (2009). Price Rigidity in an Experimental Market. In: Fairness in Bargaining and Markets. Lecture Notes in Economics and Mathematical Systems, vol 627. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-02253-1_7

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  • DOI: https://doi.org/10.1007/978-3-642-02253-1_7

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-02252-4

  • Online ISBN: 978-3-642-02253-1

  • eBook Packages: Business and EconomicsEconomics and Finance (R0)

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