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Journal of Economic Perspectives: Vol. 2 No. 4 (Fall 1988)
JEP Volume. 2, Issue 4 | 
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Anomalies: The Ultimatum Game
Article Citation
Thaler, Richard H. 1988. "Anomalies: The Ultimatum Game."
Journal of Economic Perspectives,
2(4): 195-206.
DOI: 10.1257/jep.2.4.195
DOI: 10.1257/jep.2.4.195
Abstract
This paper discusses simple ultimatum games, two-stage bargaining ultimatum games, and multistage ultimatum games. Finally, I discuss ultimatums in the market. Any time a monopolist (or monopsonist) sets a price (or wage), it has the quality of an ultimatum.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Thaler, Richard H. (Unlisted)
JEL Classifications
011: General Economics
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