Showing 1 - 10 of 348
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 …
Persistent link: https://www.econbiz.de/10005181497
pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …
Persistent link: https://www.econbiz.de/10005585660
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 …
Persistent link: https://www.econbiz.de/10005760915
) negative welfare effects, and (3) high penalties when discovered. We separate the influences of these factors in an experiment … exclusion from the experiment without payment. The results show that reciprocity establishes bribery relationships, where …
Persistent link: https://www.econbiz.de/10004968325
systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and … 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/10005094414
This paper reports on a two-task principal-agent experiment in which only one task is contractible. The principal can …-interest theory but is consistent with theories of fairness. …
Persistent link: https://www.econbiz.de/10005585634
Recently developed models of fairness can explain a wide variety of seemingly contradictory facts. The most … controversial and yet unresolved issue in the modeling of fairness preferences concerns the behavioral relevance of fairness … intentions. Intuitively, fairness intentions seem to play an important role in economic relations, political struggles and legal …
Persistent link: https://www.econbiz.de/10005627833
exclusively based on preferences over the distribution of material payoffs. Models that take into account players’ fairness …
Persistent link: https://www.econbiz.de/10005627957
systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and … 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/10005627998
’ payoffs. In a laboratory experiment we investigate whether players (a) learn the game they are playing, (b) learn to predict …
Persistent link: https://www.econbiz.de/10005184880