Fairness Preferences in Distributive Bargaining
Arnald J. Kanning
December 05, 2012
In a bargaining situation, the willingness to reveal a preferences for fairness requires, almost by definition, that bargainers be willing to make material sacrifices, and material pursuits may thus override concerns for fairness. This paper presents a bargaining institution that allows for partial disagreement. It will be demonstrated that such a bargaining institution enables a bargainer to reconcile a potential conflict between a preference for fairness and material self-interest.
Number of Pages in PDF File: 52
Keywords: Fairness Preferences, Distributive Bargaining, Contract Formation
JEL Classification: C78, D63, K00working papers series
Date posted: March 28, 2011 ; Last revised: December 5, 2012
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