Time Is Not Money
Tore Ellingsen () and
Magnus Johannesson ()
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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: C91; J20; L14; Z13; Bargaining; Sunk costs; Time domain; Monetary domain (search for similar items in EconPapers)
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Published in Journal of Economic Behavior and Organization, Elsevier, 2009, 72 (1), pp.96. 〈10.1016/j.jebo.2009.05.010〉
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Journal Article: Time is not money (2009)
Working Paper: Time is not money (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00699366
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