Lecture Notes in Economics and Mathematical Systems

Fairness in Bargaining and Markets

Authors: Korth, Christian

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About this book

This book contributes to behavioral economic research on the central issue of social preferences, focusing on the implications of social fairness norms on the interaction of market participants. The author uses both game-theoretic and experimental methods to analyze the implications of social fairness norms on the outcomes of bilateral bargaining situations. It is shown that a preference for reciprocity is evolutionarily stable in a "game of life" that consists of bilateral bargaining situations. The fairness benchmark or reference that such a preference depends on is investigated through a classroom experiment. Furthermore, the book presents a theoretical analysis of a market model as well as an experimental laboratory study to explore the implications of fairness concerns for price formation in matching markets.

Table of contents (7 chapters)

Table of contents (7 chapters)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-642-02253-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $139.99
price for USA
  • ISBN 978-3-642-02252-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Fairness in Bargaining and Markets
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
627
Copyright
2009
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-02253-1
DOI
10.1007/978-3-642-02253-1
Softcover ISBN
978-3-642-02252-4
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XV, 175
Topics