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distributive justice. We derive a formula that allows one to recover the willingness to pay for distributive justice from the … find that the monetary value of justice in the United States is about one fifth of GDP. We also generalize the model to … estimate the value of justice for different types of people (e.g., Republicans, Democrats, urban dwellers, rural dwellers). We …
Persistent link: https://www.econbiz.de/10005792214
Recent models with liquidity constraints and impatience emphasize that consumers use savings to buffer income fluctuations. When wealth is below an optimal target, consumers try to increase their buffer stock of wealth by saving more. When it is above target, they increase consumption. This...
Persistent link: https://www.econbiz.de/10005504459
In the early 1990s, the Dutch social partners agreed upon transforming the generous and actuarially unfair PAYG early retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional arrangements varied by industry sector. In this study,...
Persistent link: https://www.econbiz.de/10005792155
Using a controlled experiment, we examine the role of nurture in explaining the stylized fact that women shy away from …
Persistent link: https://www.econbiz.de/10005082535
is little evidence of learning over the 40 matches of the experiment. …
Persistent link: https://www.econbiz.de/10008528540
-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …
Persistent link: https://www.econbiz.de/10005124205
in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of …
Persistent link: https://www.econbiz.de/10005136539
direction, we have conducted a laboratory experiment with 490 participants. We consider "cooperative" investments that directly …
Persistent link: https://www.econbiz.de/10005067500
This paper investigates how a mandatory activation program in Denmark affects the job finding rate of unemployed workers. The activation program was introduced in an experimental setting where about half of the workers who became unemployed in the period from November 2005 to March 2006 were...
Persistent link: https://www.econbiz.de/10005504365
We test the hypothesis that "genuine" or "convincing" smiling is a costly signal that has evolved to induce cooperation in situations requiring mutual trust. Potential trustees in a trust game made video clips for viewing by potential trusters before the latter decided whether to send them...
Persistent link: https://www.econbiz.de/10009002386