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Economics/Finances Fairness in Bargaining and Markets (Lecture Notes in Economics and Mathematical Systems)

Posted on 2010-03-16




Name:Economics/Finances Fairness in Bargaining and Markets (Lecture Notes in Economics and Mathematical Systems)
ASIN/ISBN:3642022529
Language:English
File size:5 Mb
Publish Date: 2009
ISBN: 3642022529
Pages: 175 pages
File Type: PDF
File Size: 5 MB
Other Info: Springer
   Economics/Finances Fairness in Bargaining and Markets (Lecture Notes in Economics and Mathematical Systems)

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Christian Korth, "Fairness in Bargaining and Markets (Lecture Notes in Economics and Mathematical Systems)"

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.

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