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dc.contributor.authorWaichman, Israelen_US
dc.contributor.authorKorzhenevych, Artemen_US
dc.contributor.authorRequate, Tillen_US
dc.date.accessioned2010-07-13en_US
dc.date.accessioned2010-08-03T13:09:34Z-
dc.date.available2010-08-03T13:09:34Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37098-
dc.description.abstractIn this paper we make use of a unique dataset collected in the central train station of Kiel, Germany. A group ticket is used by individual proposers who search for co-travelers to share the ride with shortly before the train departure. The bargaining behavior resembles the Ultimatum game to the extent that proposers request a fixed price for a shared ride and potential co-travelers usually accept or reject the deal. We observe that the prevailing price corresponds to the equal split of the ticket cost between the maximum possible number of co-travelers. This result is remarkable because the positions of the bargaining parties are hardly symmetric and the formation of the full group is not guaranteed. Using a simple agent-based model we are able to identify some sufficient conditions leading to the observed distribution of prices. Finally, we observed that the probability to accept an unusually high offer is decreasing with the price and increasing when the offer is made right before the train departure.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1638en_US
dc.subject.jelC78en_US
dc.subject.jelC93en_US
dc.subject.jelD74en_US
dc.subject.jelD83en_US
dc.subject.ddc330en_US
dc.subject.keywordNatural field experimenten_US
dc.subject.keywordbargainingen_US
dc.subject.keywordfocal pointen_US
dc.subject.keywordequal spliten_US
dc.subject.keywordagent-based modelen_US
dc.subject.stwEisenbahntarifen_US
dc.subject.stwSoziale Gruppeen_US
dc.subject.stwEisenbahnpersonenverkehren_US
dc.subject.stwVerhandlungstheorieen_US
dc.subject.stwUltimatumspielen_US
dc.subject.stwFeldforschungen_US
dc.subject.stwAgent-based Modelen_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.titleEqual split in the informal market for group train travelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn631007059en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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