Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - Institute for the Study of Labor (IZA) - 2009
, verifiability fails to yield efficiency in experiments with endogenous prices. We identify heterogeneous distributional preferences … as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either …-standard distributional preferences, among which efficiency-loving and inequality aversion are most frequent. We discuss implications for …