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Anomalies: The Ultimatum Game

  • Thaler R
Journal of Economic Perspectives (1988) 2(4) 195-206
DOI: 10.1257/jep.2.4.195
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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.

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APA

Thaler, R. H. (1988). Anomalies: The Ultimatum Game. Journal of Economic Perspectives, 2(4), 195–206. https://doi.org/10.1257/jep.2.4.195

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