generations' willingness to pay (WTP) and the PV of their willingness to accept compensation (WTA); second, the discount rates … implicit in the computation of the PVs are endogenous, and rising (declining) over time for the future generations' WTP (WTA …

authority and responder.Both players in each pair have earned an own income in an individual realeffort decision …-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income … stage, theresponder can punish the take authority by destroying own income. Thetransfer from the responder to the take …

emotions, and their interaction with responders. We find that fairness plays an important role in the behavior of proposers …

emotions intoaccount. In addition, an (alternative) emotion-basedexplanation is provided for related experimental … results and offer anexplanation that takes the role of experienced emotions(measured with self-reports) and anticipated …

through institutional as well as emotional mechanisms. Recent studies emphasize the importance of negatively valued emotions …, such as anger, which motivate individuals to punish free riders. However, these types of emotions also trigger retaliatory … anger, ‘social’ emotions like shame and guilt need to be present for punishment to be an effective deterrent of …

reciprocation. In this study, physiological and self-report measures were employed to investigate the role of emotions, using the …

importanceof anticipatory emotions has so far been only inferred from decisions regarding hypothetical choiceproblems, we had … participants put their own money at risk in a real investment task. Moreover,emotions were explicitly measured, including … anticipatory emotions experienced during the waitingperiod under delayed resolution (which involved two days). Affective traits and …

the intensity of ties between responders impacts the decisions, beliefs, and emotions of both the responders and the take … and expected take rate is a much better predictor of experienced emotions and destruction than the difference between the …