Trading goods versus sharing money : an experiment testing whether fairness and efficiency are frame dependent

Berninghaus, Siegfried ; Güth, Werner ; Kirstein, Annette

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URN: urn:nbn:de:bsz:180-madoc-27454
Document Type: Working paper
Year of publication: 2003
The title of a journal, publication series: Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung
Volume: 03-38
Place of publication: Mannheim
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject: 330 Economics
Classification: JEL: C91 C78 C72 ,
Subject headings (SWD): Tauschwirtschaft , Geld , Gerechtigkeit , Allokation , Markteffizienz , Verhandlungstheorie , Nash-Gleichgewicht
Keywords (English): Nash-bargaining , fairness , bilateral exchange
Abstract: Systematic experiments with distribution games (for a survey, see Roth, 1995) have shown that participants are strongly motivated by fairness and efficiency considerations. This evidence, however, results mainly from experimental designs asking directly for sharing monetary rewards. But even when not just one kind of monetary tokens is distributed efficiency and fairness are less influential. We investigate and confirm this frame dependency more systematically by comparing net-trade-proposals and payoff-proposals for the same exchange economy with two traders, two commodities and multi-period-negotiations.
Additional information: Zusatz auf der Titelseite: an experiment testing wether fairness and efficiency are frame dependent

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