Anomalies: The Ultimatum Game
AbstractThis 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.
CitationThaler, Richard H. 1988. "Anomalies: The Ultimatum Game." Journal of Economic Perspectives, 2 (4): 195-206. DOI: 10.1257/jep.2.4.195
- 011 General Economics