Similar Search Results

Responsibility and Redistribution: The Case of First Best Taxation

Tungodden, Bertil - CESifo - 2001

It is not straightforward to define the ethics of responsibility in cases where the consequences of changes in factors … this interpretation of the ethics of responsibility and the ethics of compensation within a broad class of economic … environments. However, on a general basis, even this weaker version of the ethics of responsibility is not compatible with the …

Persistent link: https://www.econbiz.de/10005196261

Let the Market Decide: An Experimental Study of Competition and Fairness

Bartling, Björn; Grieder, Manuel; Zehnder, Christian - CESifo - 2014

Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can trade with one of several sellers. Sellers who feel shortchanged can engage in counterproductive behavior to punish the buyer. We find that the same unfavorable terms of trade...

Persistent link: https://www.econbiz.de/10010781540

Strategic Choices for Redistribution and the Veil of Ignorance: Theory and Experimental Evidence

Gerber, Anke; Nicklisch, Andreas; Voigt, Stefan - CESifo - 2013

We provide experimental evidence on the emergence of redistributive societies. Individuals first vote on redistribution by feet and then learn their productivity and invest. We vary the individuals’ information about their productivities at the time when they choose a distribution rule and...

Persistent link: https://www.econbiz.de/10010877661

How do Incentives Affect Creativity?

Eckartz, Katharina; Kirchkamp, Oliver; Schunk, Daniel - CESifo - 2012

We compare performance in a word based creativity task under three incentive schemes: a flat fee, a linear payment and a tournament. Furthermore, we also compare performance under two control tasks (Raven’s advanced progressive matrices or a number-adding task) with the same treatments. In all...

Persistent link: https://www.econbiz.de/10010877854

Behavioral and Experimental Economics Can Inform Public Policy: Some Thoughts

Riedl, Arno - CESifo - 2009

Experimental and behavioral economics are well established branches in the economic science. This essay presents and discusses some results and behavioral regularities from these fields which are of potential importance for public policy. After a brief introduction of what experimental and...

Persistent link: https://www.econbiz.de/10008533977

The Value of Non-Binding Announcements in Public Goods Experiments: Some Theory and Experimental Evidence

Berlemann, Michael; Dittrich, Marcus; Markwardt, Gunther - CESifo - 2004

In this paper we present three simple theoretical models to explain the influence of the possibility to make non-binding announcements on investment behaviour in public goods settings. Our models build on the idea that voluntary contributions to the supply of a public good might be motivated by...

Persistent link: https://www.econbiz.de/10005094302

Overconfidence in Investment Decisions: An Experimental Approach

Dittrich, Dennis; Güth, Werner; Maciejovsky, Boris - CESifo - 2001

We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky asset, the other with two risky assets. Overconfidence...

Persistent link: https://www.econbiz.de/10005181404

Are Income and Consumption Taxes ever really Equivalent? Evidence from a Real-Effort Experiment with Real Goods

Blumkin, Tomer; Ruffle, Bradley J.; Ganun, Yosef - CESifo - 2008

The public finance literature demonstrates the equivalence between consumption and labor income (wage) taxes. We construct an environment in which individuals make real labor-leisure choices and spend their earned income on real goods. We use this experimental framework to test whether a labor...

Persistent link: https://www.econbiz.de/10005406166

Strategic Delegation in Experimental Markets

Huck, Steffen; Müller, Wieland; Norman, Hans-Theo - CESifo - 2000

In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits, while the second contract gives an additional sales bonus....

Persistent link: https://www.econbiz.de/10005406221

Negotiating to Avoid "Gradual" versus "Dangerous" Climate Change: An Experimental Test of Two Prisoners' Dilemma

Barrett, Scott; Dannenberg, Astrid - CESifo - 2014

According to the Framework Convention on Climate Change, global collective action is needed to stabilize “greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system.” The Framework Convention thus...

Persistent link: https://www.econbiz.de/10010734324