Price Rigidity in an Experimental Market

  • Christian KorthEmail author
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 627)


Experimental evidence of fair behavior in bilateral bargaining situations is well known, and the ultimatum game dominates publications in this domain. In contrast to studies of bilateral interactions, studies of market games mostly find limited or no effects of fairness, which leads many to cast doubt on the relevance of fairness in market settings.


Trading Partner Reference Price Reservation Price Ultimatum Game Fair Price 
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© Springer-Verlag Berlin Heidelberg 2009

Authors and Affiliations

  1. 1.School of Law, Business and EconomicsUniversity of BayreuthBayreuthGermany

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