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Gaechter, Simon
Riedl, Arno
Year of Publication: 
Series/Report no.: 
CESifo Working Paper 697
In many business transactions, in labor-management relations, in international conflicts, and welfare state reforms claims acquired in the past seem to create strong entitlements that shape current negotiations. Despite their importance, the role of entitlements in negotiations has not received much attention. We fill the gap by designing an experiment that allows us to measure the entitlements and to track them through the whole negotiation process. We find strong entitlement effects that shape opening offers, bargaining duration, concessions and reached (dis-)agreements. We argue that entitlements constitute a moral property right that is influential independent of negotiators' legal property rights.
moral property rights
fairness judgements
bargaining with claims
self-serving bias
Document Type: 
Working Paper

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