BARGAINING AND MARKET BEHAVIOR IN JERUSALEM, LJUBLJANA, PITTSBURGH, AND TOKYO - AN EXPERIMENTAL-STUDY

成果类型:
Article
署名作者:
ROTH, AE; PRASNIKAR, V; OKUNOFUJIWARA, M; ZAMIR, S
署名单位:
University of Ljubljana; University of Tokyo; Hebrew University of Jerusalem
刊物名称:
AMERICAN ECONOMIC REVIEW
ISSN/ISSBN:
0002-8282
发表日期:
1991
页码:
1068-1095
关键词:
摘要:
In an experiment comparing related two-person bargaining and multiperson market environments in Israel, Japan, the United States, and Yugoslavia, market outcomes converged to equilibrium everywhere, and there were no payoff-relevant differences among countries. However, bargaining outcomes were everywhere different from the equilibrium predictions (both in observed agreements and in the substantial frequency of observed disagreements), and substantial differences were observed among countries. Because of the way the experiment was designed, the fact that the market behavior is the same in all countries supports the hypothesis that the differences in bargainingbehavior among countries are not due to differences in languages, currencies, or experiments but may tentatively be attributed to cultural differences.