Fairness in Bargaining and Markets
This book contributes to behavioral economic research on the central issue of social preferences, focusing on the implications of social fairness norms on the interaction of market participants. The author uses both game-theoretic and experimental methods
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further volumes: http://www.springer.com/0075-8442
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Christian Korth
Fairness in Bargaining and Markets
ABC
Dr. Christian Korth School of Law, Business and Economics University of Bayreuth Universitätsstraße 30 95447 Bayreuth [email protected]
ISSN 0075-8442 ISBN 978-3-642-02252-4 e-ISBN 978-3-642-02253-1 DOI 10.1007/978-3-642-02253-1 Springer Dordrecht Heidelberg London New York Library of Congress Control Number: 2009931060 c Springer-Verlag Berlin Heidelberg 2009 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: SPi Publisher Services Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
I dedicate this book to my beautiful wife, Karolina. Thank you for your infinite patience, understanding, support, and, most importantly, unending love.
Acknowledgements
Stefan Napel did an exemplary job as my Ph.D. supervisor. Without his valuable contributions, inspiring discussions, reliable support, high standards, and willingness to give me the freedom to explore new ideas, writing this book would not have been possible. I owe him many thanks. The design of the laboratory experiment and the implementation of the trial session were made possible by the support of David Huffman. The classroom study was a joint project with Philipp Reiss, who, in addition to collaborating on the classroom study, contributed to some sections of this book. Sigfried Berninghaus contributed his thoughts to the evolutionary study. Many helpful discussions I had with Werner G¨uth, Nicholas Shunda, and Sven Fischer proved to be valuable assets in writing certain sections of this book. The gift of inspiration was given to me by many conference, summer school, and seminar participants who asked the right questions. Gunnar Oldehaver, J¨urgen Zerth, and Martin Leroch helped keep me motivated over the years. Heidi Rossner-Sch¨opf and Herta Wolf provided important organizational assistance whenever needed. To all of them, I give many thanks. Finally, I would like to thank my wonderful family for always believing in me. Erlangen, April 2009
Christian Korth
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Contents
Acknowledgements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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