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In an overlapping generations experiment with multiple families participants can support their parents directly and thereby reduce their tax burden or rely on tax-financed old-age support. State productivity is captured by the factor with which total tax revenues are multiplied to determine...
Persistent link: https://www.econbiz.de/10014067434
emphasis on support instead of grants: Grants are crowded out, but support is not significantly affected. The efficiency of …
Persistent link: https://www.econbiz.de/10014091446
When people decide about saving and consumption across the various periods of their life time they take into account their life expectancy when comparing present and future needs and resources for satisfying them. The experimental design, applied at two sites (Humboldt-University at Berlin and...
Persistent link: https://www.econbiz.de/10009578010
Overall, 72 subjects invest their endowment in four risky assets. Each com-bination of assets yields the same expected return and variance of returns. Illusion of expertise prevails when one prefers nevertheless the self-selected portfolio. After being randomly assigned to groups of four...
Persistent link: https://www.econbiz.de/10011408429
participants seem to care more for efficiency than for equity. In three-person generosity games equal agreement payoffs for two of … - efficiency seeking. Our treatments rely on a 2x3 factorial design differing in whether the responder or the third (dummy) player … exogenously given agreement payoff. -- generosity game ; equity ; efficiency ; experiment …
Persistent link: https://www.econbiz.de/10003952438
economics ; Equality vs. efficiency ; Equilibrium selection ; Laboratory experiments …
Persistent link: https://www.econbiz.de/10009313097
Viewing individual contributions as investments in emission reduction we rely on the familiar linear public goods-game to set global reduction targets which, if missed, imply that all payoffs are destroyed with a certain probability. Regulation by milestones does not only impose a final...
Persistent link: https://www.econbiz.de/10008747599
proposer's choice of the "pie" size. This has been shown to induce pie choices which are either efficiency or equality seeking … bias of competitive auctions. We find that entitlement crowds out equality seeking and strengthens efficiency seeking … ; Game ; Efficiency Seeking ; Inequity Aversion ; Satisficing …
Persistent link: https://www.econbiz.de/10008758824
Fairness is a strong concern as shown by the robust results of dictator giving and ultimatum experiments. Efficiency … provision games. In our experiment participants can increase efficiency by gift giving at the cost of reducing their own … for mutual gift giving. In both cases decisions can be conditioned on whether there is or there is not an efficiency gain …
Persistent link: https://www.econbiz.de/10009612570
Persistent link: https://www.econbiz.de/10000429553