Efficiency versus equality in bargaining

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Efficiency versus equality in bargaining

We consider how the outcome of bargaining varies with changes in the trade-off between equality, efficiency, and total-earnings maximization. We observe that subjects avoid an equal-earnings outcome if it is Pareto inefficient; a large proportion of bargaining pairs avoid an equal and Pareto efficie...

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Bibliographic Details
Main Authors:	Galeotti, Fabio, Montero, Maria, Poulsen, Anders
Format:	Article
Published:	Oxford University Press 2018
Subjects:	bargaining efficiency equality communication experiment independence of irrelevant alternatives
Online Access:	https://eprints.nottingham.ac.uk/50482/

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