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this desire conflicts with other strong motivationsa typical reaction is to trade off fairness against these other concerns …, 1998 and 2000, Fehr and Schmidt, 1999,are examples).Such trade off analysis measures how far one deviates from fairness … what requiresa unique fairness benchmark. More often than not there exist, however,multiple standards. In our view, this …
Persistent link: https://www.econbiz.de/10005866826
? Fairness norms mightplay an important role in wage-setting decisions. We will explore theoretically and experimentallypossible … fairness considerations of the involved parties. …
Persistent link: https://www.econbiz.de/10005866944
Fairness like other social norms is usually stabilized by punishing norm deviations. Reward uncertainty, however …
Persistent link: https://www.econbiz.de/10005866948
A two-persons bargaining problem often consists of initially incompatible demands that can be unilaterally reduced by sequential concessions. In a 2 x 2 x 2-factorial design we distinguish between reliable and unreliable concessions, between a static and dynamic settings and between symmetric...
Persistent link: https://www.econbiz.de/10005866602
's 1995 observation that subjects form `egocentric assessments of fairness'. …
Persistent link: https://www.econbiz.de/10005866680
This paper investigates market failures due to strategic delays. We test experimentally a discrete model of dynamic investment, where two privately informed agents have an option to invest at the time of their choice in the presence of waiting costs. The equilibrium outcome of ourexperimental...
Persistent link: https://www.econbiz.de/10005866694
wage without explicit performance incentives meaning that workers have a large degree of discretion over effort levels. As …
Persistent link: https://www.econbiz.de/10005866697
We consider a modi¯ed pure public good game characterized by a pre-play negotiation stage, onwhich pairs of players can form binding cooperation commitments. As the introduced mecha-nism only supports pairwise rather than more inclusive commitments, it does not implement thee±cient outcome. We...
Persistent link: https://www.econbiz.de/10005866705
Arguably the most important campaign finance regulations in U.S. federal elections are limitsimposed on the amount that an individual or organization may donate to a federal campaign. Suchcontribution limits are advocated on two separate grounds. The first is that they prevent corruption,the...
Persistent link: https://www.econbiz.de/10005866710
A procurement contract is granted by a bureaucrat (the auctioneer)who is interested in a low price and a bribe from the provider.The optimal bids and bribes are derived based on an iid private costassumption. In the experiment, bribes are negatively framed (betweensubjectstreatment) to capture...
Persistent link: https://www.econbiz.de/10005866715