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Change versus choice: eliciting attitudes to fair compensations

Bone, John; Crosetto, Paolo; Hey, John D.; Pasca, Carmen - Wirtschaftswissenschaftliche Fakultät, … - 2013

This paper reports an experiment designed to elicit social preferences over income compensation schemes, where income differences between subjects have two independent components: one due to chosen effort and the other due to random chance. These differences can be compensated through social...

Persistent link: https://www.econbiz.de/10010884455

Inequality and happiness: When perceived social mobility and economic reality do not match

Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2010

In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …

Persistent link: https://www.econbiz.de/10008683292

Inequality and happiness: When perceived social mobility and economic reality do not match.

Bjornskov, Christian; Dreher, Axel; Fischer, Justina A.V.; … - Volkswirtschaftliche Fakultät, … - 2013

We argue that perceived fairness of the income generation process affects the association between income inequality and … income redistribution. Income inequality is predicted to have a more favorable impact on subjective wellbeing for individuals … differences in individual tolerance for income inequality, and the predicted influence of actual fairness. …

Persistent link: https://www.econbiz.de/10011112607

On the relation between income inequality and happiness: Do fairness perceptions matter?

Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2009

In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …

Persistent link: https://www.econbiz.de/10008557077

On the relation between income inequality and happiness: Do fairness perceptions matter?

Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2009

Persistent link: https://www.econbiz.de/10008557081

Cardiovascular Consequences of Unfair Pay

Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011

This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...

Persistent link: https://www.econbiz.de/10009144731

Fairness, Efficiency, and the Nash Bargaining Solution

Rachmilevitch, Shiran - Department of Economics, University of Haifa

A bargaining solution balances fairness and efficiency if each player's payoff lies between the minimum and maximum of the payoffs assigned to him by the egalitarian and utilitarian solutions. In the 2-person bargaining problem, the Nash solution is the unique scale-invariant solution satisfying...

Persistent link: https://www.econbiz.de/10009324194

Fairness in Bargaining and the Kalai-Smorodinsky Solution

Rachmilevitch, Shiran - Department of Economics, University of Haifa

A bargaining solution guarantees minimal equity if each player's payoff is at least as large as the minimum of the payoffs assigned to him by the equal-gain (i.e., egalitarian) and equal-loss solutions. The Kalai-Smorodinsky solution is the unique scale-invariant 2-person solution with this...

Persistent link: https://www.econbiz.de/10009368519

The econometric modeling of social Preferences

Conte, Anna; Moffatt, Peter G. - Wirtschaftswissenschaftliche Fakultät, … - 2010

Experimental data on social preferences present a number of features that need to be incorporated in econometric modelling. We explore a variety of econometric modelling approaches to the analysis of such data. The approaches under consideration are: the random utility approach (in which it is...

Persistent link: https://www.econbiz.de/10008523818

Appropriating the Commons - A Theoretical Explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001

In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...

Persistent link: https://www.econbiz.de/10005123667