Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101062
Authors: 
Gantner, Anita
Horn, Kristian
Kerschbamer, Rudolf
Year of Publication: 
2013
Series/Report no.: 
Working Papers in Economics and Statistics 2013-31
Abstract: 
In an experiment on a subjective claims problem we compare three unanimity bargaining procedures - the Demand, the Offer and the Exit variant - in terms of fairness and efficiency. To assess the fairness of the allocations obtained by these procedures, we evaluate them from a partial point of view using stakeholders' subjective evaluations of claims as elicited in a hypothetical fairness question, and we evaluate them from an impartial point of view using spectators' responses in a vignette. We find that after correcting for the self-serving bias in the partial view, both views point towards the same allocation. The Offer variant, which requires stakeholders to supply complete division proposals, yields outcomes that come closest to this fair allocation.
Subjects: 
Fair Division
Subjective Claims
Bargaining
Experiment
JEL: 
D63
C91
D61
Document Type: 
Working Paper

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