English, Article, Journal or magazine article edition: Trading Goods versus Sharing Money - An Experiment Testing Wether Fairness and Efficiency are Frame Dependent Berninghaus, Siegfried K.; Gueth, Werner; Kirstein, Annette

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Bookmark: http://trove.nla.gov.au/version/43463
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Trading Goods versus Sharing Money - An Experiment Testing Wether Fairness and Efficiency are Frame Dependent
Author
  • Berninghaus, Siegfried K.
  • Gueth, Werner
  • Kirstein, Annette
Physical Description
  • preprint
Notes
  • 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.
  • RePEc:xrs:sfbmaa:03-38
Language
  • English
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