We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby … inequalities, but many follow an interior allocation rule previously unaccounted for by the fairness views in the literature. These …

wage affects employee satisfaction, it is not only the wage per se that determines morale, but also the perceived fairness … from a laboratory experiment indicates these views differ significantly between participant “employers†and participant … aware of the relationship between fairness in compensation and employee morale as well as their own biases regarding the …

devise an experiment to explore optimal contracts in a hidden information context. A principal offers one of three possible …

. We devise an experiment to explore optimal contracts in an adverse-selection context. A principal offers one of three …

Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … to generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation …

This paper tests the insiders' dilemma hypothesis in a laboratory experiment. The insiders' dilemma means that a … rather than exogenous merger theory. More surprisingly, our data suggests that fairness considerations also make profitable …

particular the occurrence of bubble-crash pricing patterns. In each session, six subjects trade in three successive market rounds …

We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment … others are more risky. Using structural estimation, we show that this increase in risk stems from a decrease in loss aversion …