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  4. Fall 1988
  5. Anomalies: The Ultimatum Game

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Anomalies: The Ultimatum Game

  • Richard H. Thaler
Journal of Economic Perspectives
vol. 2, no. 4, Fall 1988
(pp. 195–206)
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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.

Citation

Thaler, Richard H. 1988. "Anomalies: The Ultimatum Game." Journal of Economic Perspectives, 2 (4): 195–206. DOI: 10.1257/jep.2.4.195

JEL Classification

  • 011 General Economics
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