Showing 1 - 10 of 217
This Paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …
Persistent link: https://www.econbiz.de/10005791797
systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and … reciprocity. Moreover, several theoretical Papers have been written showing that the observed phenomena can be explained in a … insights into the nature of preferences and into the relative performance of competing theories of fairness. The purpose of …
Persistent link: https://www.econbiz.de/10005656392
this Paper is twofold: first, it shows that reciprocity is an important motive for charitable giving, in addition to the … warm-glow motive. Second, the Paper confirms the economic relevance of reciprocity by using field data. This extends the … current body of research on reciprocity, which is almost exclusively confined to laboratory studies. …
Persistent link: https://www.econbiz.de/10005791952
-interest theory but is consistent with theories of fairness. …
Persistent link: https://www.econbiz.de/10005114195
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned with fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful … of a series of experiments. Furthermore, our results suggest that the existence of fair actors may be an important reason …
Persistent link: https://www.econbiz.de/10005792499
We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The game-theoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...
Persistent link: https://www.econbiz.de/10005792485
particular cardiovascular health, and fairness of pay. …
Persistent link: https://www.econbiz.de/10009144731
Implementing incentive systems can sometimes backfire in practice: experimental evidence and folklore both suggest that offers of explicit rewards can expose surprising discontinuities in behaviour. This Paper models two such discontinuities that have been claimed by psychologists and...
Persistent link: https://www.econbiz.de/10005114276
It is a persistent finding in psychology and experimental economics that people's behavior is not only shaped by outcomes but also by decision-making procedures. In this paper we develop a general framework capable of modelling these procedural concerns. Within the context of psychological games...
Persistent link: https://www.econbiz.de/10005039581
A taboo is an "unthinkable" action, that is, even the thought of violating it triggers social punishment. Taboos are the social "thought police," discouraging individuals from considering certain type of actions. We consider a simple model in which taboos are part of the definition of one's...
Persistent link: https://www.econbiz.de/10005791808