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Time Is Not Money

Tore Ellingsen () and Magnus Johannesson ()

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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: C91; J20; L14; Z13; Bargaining; Sunk costs; Time domain; Monetary domain (search for similar items in EconPapers)
Date: 2009-05-21
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00699366
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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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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00699366

DOI: 10.1016/j.jebo.2009.05.010

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