Title: Bargaining in Economic and Ethical Environments: An Experimental Study and Normative Solution Concepts (Lecture Notes in Economics and Mathematical Systems, 436)
Publisher: Springer
Publication Date: 1996
Language: English
ISBN 10: 3540610480
ISBN 13: 9783540610489
Binding: Soft cover
Condition: New

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In the first part of this book bargaining experiments with different economic and ethical frames are investigated. The distributive principles and norms the subjects apply and their justifications for these principles are evaluated. The bargaining processes and the resulting agreements are analyzed. In the second part different bargaining theories are presented and the corresponding solutions are axiomatically characterized. A bargaining concept with goals that depend on economic and ethical features of the bargaining situation is introduced. Observations from the experimental data lead to the ideas for the axiomatic characterization of a bargaining solution with goals.

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