Abstract
A number of bargaining experiments have raised the possibility that individuals’ notions of what is fair or just may be sufficiently powerful to generate behaviour which departs substantially and systematically from the predictions of standard bargaining models. This paper reports an experiment designed to test whether the relative impact of different notions of fairness varies with certain changes in the bargaining environment.
Funding for the experimental work in this paper was provided by the Economic and Social Research Council, Award No. R000231194. We should like to thank Helen Hawksby for her help with preparing the materials, and David Ansic and Karl Claxton for their assistance with processing the data. Graham Loomes gratefully acknowledges the support of the Nuffield Foundation in the form of a Social Science Research Fellowship.
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© 1994 Springer-Verlag Berlin Heidelberg
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Burrows, P., Loomes, G. (1994). The Impact of Fairness on Bargaining Behaviour. In: Hey, J.D. (eds) Experimental Economics. Studies in Empirical Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-51179-0_3
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DOI: https://doi.org/10.1007/978-3-642-51179-0_3
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-642-51181-3
Online ISBN: 978-3-642-51179-0
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