2-LEVEL ULTIMATUM BARGAINING WITH INCOMPLETE INFORMATION - AN EXPERIMENTAL-STUDY

Citation
W. Guth et al., 2-LEVEL ULTIMATUM BARGAINING WITH INCOMPLETE INFORMATION - AN EXPERIMENTAL-STUDY, Economic journal, 106(436), 1996, pp. 593-604
Citations number
10
Categorie Soggetti
Economics
Journal title
ISSN journal
00130133
Volume
106
Issue
436
Year of publication
1996
Pages
593 - 604
Database
ISI
SICI code
0013-0133(1996)106:436<593:2UBWII>2.0.ZU;2-2
Abstract
In a two-level ultimatum game one player offers an amount to two other players who then, in the case of acceptance, divide this amount by pl aying an ultimatum game. The first offer has to be accepted by the sec ond proposer. Only the first proposer knew the true cake size whose a priori-probabilities were commonly known. The fact that most proposers with the large cake offered two thirds of the small cake has importan t implications for the theory of distributive justice better informed parties do not question that others want a fair share and, thus, prete nd fairness by 'hiding behind some small cake'.