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"Buying a pig in a poke": An experimental study of unconditional veto power

Werner Güth (), Maria Levati, Axel Ockenfels and Torsten Weiland

Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group

Abstract: We study an ultimatum experiment in which the responder does not know the offer when accepting or rejecting. Unconditional veto power leads to acceptances, although proposers are significantly greedier than in standard ultimatum games, and this is anticipated by responders.

Keywords: Ultimatum; Dictator; Fairness; Veto power (search for similar items in EconPapers)
JEL-codes: C72 C92 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2005-11
New Economics Papers: this item is included in nep-gth and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Buying a pig in a poke: An experimental study of unconditional veto power (2007) Downloads
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