Showing 1 - 10 of 39
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 … experiment determines endogenously whether unfair offers are detected andsanctionable. In our experiment a proposer and a …
Persistent link: https://www.econbiz.de/10005866948
We study an ultimatum experiment in which the responder does not know the offer when accepting or rejecting …
Persistent link: https://www.econbiz.de/10005866673
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
This paper aims to experimentally investigate how individual willingness to pay for a lottery is affected by using a new way of representing of probabilistic ambiguity. Thus we can see how individual valuation reacts to different degrees of ambiguity probability information provided to subjects....
Persistent link: https://www.econbiz.de/10005866670
. We report the results of a series ofexperiments. The first experiment is designed as a straightforward theory … symmetric networks. Collusion cannot account for the observed behavior. In our second experiment we reject the conjecture that … two-stage game. Finally, in our third experiment we reduce the complexity of the setting by transforming the original two …
Persistent link: https://www.econbiz.de/10005866674
We investigate the ability of the damage based tax mechanism to induce socially optimal outcomes in a controlled laboratory environment which incorporates important aspects of nonpoint pollution problems. Our experimental setting combines a strictly convex damage function with uncertainty in...
Persistent link: https://www.econbiz.de/10005866677
'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