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Time is not money

Tore Ellingsen () and Magnus Johannesson ()

Journal of Economic Behavior & Organization, 2009, vol. 72, issue 1, 96-102

Abstract: In an ultimatum bargaining experiment, we study how subjects bargain over the returns to their investments of money and time. The most notable finding is that a third of the subjects demand no compensation for their time investments, whereas almost all subjects demand compensation for equally costly monetary investments.

Keywords: Bargaining; Sunk; costs; Time; domain; Monetary; domain (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:72:y:2009:i:1:p:96-102

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Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

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