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fairness. The probability of using the different rules is assumed to be stable over games. The estimated parameters imply that …
Persistent link: https://www.econbiz.de/10009752422
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10009752417
We investigate to what extent genuine social preferences can explain observed other-regarding behavior. In a dictator game variant subjects can choose whether to learn about the consequences of their choice for the receiver. We find that a majority of subjects showing other-regarding behavior...
Persistent link: https://www.econbiz.de/10009752432
one-shot and the infinitely repeated version of the Prisoner’s Dilemma game. We show that fairness concerns operate as a … ”substitute” for time discounting in the infinitely repeated game, as fairness helps sustain cooperation for lower discount … a combination of time and social preferences (fairness). …
Persistent link: https://www.econbiz.de/10009752853
should only be rewarded for factors under their control. This fairness ideal does not hold subjects responsible for factors …
Persistent link: https://www.econbiz.de/10009754116