Showing 1 - 10 of 31
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 gametheoretic basis for our experiment is the model of Bala and …
Persistent link: https://www.econbiz.de/10005761658
among a substantial share of the population into account. Theory shows and experiments confirm, that even if fairness … incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns … concerns on economic outcomes. We also review evidence from laboratory and field experiments examining the role of wages and …
Persistent link: https://www.econbiz.de/10005762059
paper, we conduct laboratory experiments in which we explore the motivations for and the effects of group identity. We find …
Persistent link: https://www.econbiz.de/10005762312
This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment … experiment we record agents' heart rate variability. Our findings provide evidence of a link between perceived unfairness and … health, and fairness of pay. …
Persistent link: https://www.econbiz.de/10009024593
Redistribution is an inevitable feature of collective pension schemes and economic experiments have revealed that most … they argue for or against mandatory participation? Should we have less redistribution and more actuarial fairness? How does …
Persistent link: https://www.econbiz.de/10008548714
We show with a laboratory experiment that individuals adjust their moral principles to the situation and to their … the fairness and unfairness of allocations in three different scenarios (a Dictator game, an Ultimatum game, and a Trust … same session we elicit again their principles regarding the fairness and unfairness of allocations in the same three …
Persistent link: https://www.econbiz.de/10011279283
We incorporate inequity aversion into an otherwise standard New Keynesian dynamic equilibrium model with Calvo wage …
Persistent link: https://www.econbiz.de/10009646332
topics in the theory of the firm, like the boundaries of the firm, the importance of fairness concerns within firms, the …
Persistent link: https://www.econbiz.de/10009251371
The prevailing labor market models assume that minimum wages do not affect the labor supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10005762121
, based on justice theory and making use of Rossi’s factorial survey method, enables assessment of ideas of fairness in CEO …
Persistent link: https://www.econbiz.de/10005762318