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Time is not money

[journal article]

Ellingsen, Tore
Johannesson, Magnus

Abstract

In an ultimatum bargaining experiment, we study how subjects bargain over the returns to their investments of money and time. The most notable finding is that a third of the subjects demand no compensation for their time investments, whereas almost all subjects demand compensation for equally costly... view more

In an ultimatum bargaining experiment, we study how subjects bargain over the returns to their investments of money and time. The most notable finding is that a third of the subjects demand no compensation for their time investments, whereas almost all subjects demand compensation for equally costly monetary investments.... view less

Classification
Human Resources Management

Free Keywords
Bargaining; Sunk costs; Time domain; Monetary domain

Document language
English

Publication Year
2009

Page/Pages
p. 96-102

Journal
Journal of Economic Behavior & Organization, 72 (2009) 1

DOI
https://doi.org/10.1016/j.jebo.2009.05.010

Status
Postprint; peer reviewed

Licence
PEER Licence Agreement (applicable only to documents from PEER project)


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.