Tests of Fairness Models Based on Equity Considerations in a Three-Person Ultimatum Game

A-Tier
Journal: Experimental Economics
Year: 2001
Volume: 4
Issue: 3
Pages: 203-219

Authors (2)

John Kagel Katherine Wolfe (not in RePEc)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Two recent models incorporating fairness considerations into the economics literature based on agents' concerns about the distribution of payoffs between themselves and others (Fehr-Schmidt, 1999, Quarterly Journal of Economics. 114 (3), 769–816; Bolton-Ockenfels, 2000, American Economic Review. 90, 166–193) are investigated using a new three-person ultimatum game: One person allocates a sum of money to two others, one of which is randomly chosen to accept or reject the offer. Rejection gives both the responder and the proposer zero income and a positive consolation prize for the non-responder. The data show essentially no reductions in rejection rates, holding offers constant, with and without consolation prizes, contrary to both models' predictions. Copyright Kluwer Academic Publishers 2001

Technical Details

RePEc Handle
repec:kap:expeco:v:4:y:2001:i:3:p:203-219
Journal Field
Experimental
Author Count
2
Added to Database
2026-01-25