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Acknowledgment to Reviewers of Games in 2019
Article

Fairness Preferences in a Bilateral Trade Experiment

1
Institute of Transport Economics (TØI), Gaustadalléen 21, 0349 Oslo, Norway
2
CREE Frisch Centre, Gaustadalléen 21, 0349 Oslo, Norway
3
Ragnar Frisch Centre for Economic Research, Gaustadalléen 21, 0349 Oslo, Norway
4
Oslo Economics, 0349 Oslo, Norway
*
Author to whom correspondence should be addressed.
Games 2020, 11(1), 8; https://doi.org/10.3390/g11010008
Received: 26 October 2019 / Revised: 4 December 2019 / Accepted: 24 December 2019 / Published: 31 January 2020
Is the willingness to make trades influenced by how the total gains from trade are split between the trading partners? We present results from a bilateral trade game (n = 128) where all participants were price-takers and trading pairs faced one of three exogenously imposed trading prices. The fixed prices divided the gains either symmetrically in the reference treatment or asymmetrically in treatments favoring either the buyer or seller. Price treatments generating asymmetric gains from trade reduced desired transaction levels on both sides of the market, but more strongly by the disfavored party. The data weakly indicated a larger reduction when the disfavored party was a seller. View Full-Text
Keywords: fairness; inequality aversion; trade; markets; experiment; social preferences fairness; inequality aversion; trade; markets; experiment; social preferences
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MDPI and ACS Style

Ciccone, A.; Rogeberg, O.; Braaten, R. Fairness Preferences in a Bilateral Trade Experiment. Games 2020, 11, 8. https://doi.org/10.3390/g11010008

AMA Style

Ciccone A, Rogeberg O, Braaten R. Fairness Preferences in a Bilateral Trade Experiment. Games. 2020; 11(1):8. https://doi.org/10.3390/g11010008

Chicago/Turabian Style

Ciccone, Alice, Ole Rogeberg, and Ragnhild Braaten. 2020. "Fairness Preferences in a Bilateral Trade Experiment" Games 11, no. 1: 8. https://doi.org/10.3390/g11010008

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