We study an ultimatum experiment in which the responder does not know the offer when accepting or rejecting. Unconditional veto power leads to acceptances, although proposers are significantly greedier than in standard ultimatum games, and this is anticipated by responders. We also elicit responders' willingness to pay for (un)conditional veto power.
Buying a pig in a poke: An experimental study of unconditional veto power
Levati, Maria Vittoria;
2007-01-01
Abstract
We study an ultimatum experiment in which the responder does not know the offer when accepting or rejecting. Unconditional veto power leads to acceptances, although proposers are significantly greedier than in standard ultimatum games, and this is anticipated by responders. We also elicit responders' willingness to pay for (un)conditional veto power.
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