Anomalies: The Ultimatum Game
- 1 November 1988
- journal article
- Published by American Economic Association in Journal of Economic Perspectives
- Vol. 2 (4), 195-206
- https://doi.org/10.1257/jep.2.4.195
Abstract
This paper discusses simple ultimatum games, two-stage bargaining ultimatum games, and multistage ultimatum games. Finally, I discuss ultimatums in the market. Any time a monopolist (or monopsonist) sets a price (or wage), it has the quality of an ultimatum.Keywords
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