This paper reports on a two-task principal-agent experiment in which only one task is contractible. The principal can …-interest theory but is consistent with theories of fairness. …

systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and … insights into the nature of preferences and into the relative performance of competing theories of fairness. The purpose of …

This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and …

This manuscript develops a classroom experiment on international trade that is suitable for undergraduate intermediate … macroeconomics, international trade, and international finance courses. Students representing buyers, in a small home country and … international trade. By imposing tariffs and quotas and altering the structure of the home market from one of perfect competition to …

potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation … single-prize and multiple-prize contests. Therefore, it appears that loss aversion is correlated with behavior in the single …

laboratory experiment. In theory, the chopstick auction has an efficient equilibrium and is revenue equivalent with the second …-price sealed-bid auction in which the exposure problem is not present. In the experiment, however, we find that the chopstick …

, despite the absence of free-riding incentives. In a laboratory experiment, subjects indeed under-contribute relative to …