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In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...
Persistent link: https://www.econbiz.de/10005789327
We report laboratory data on earned wealth effects in a series of anonymous dictator games. In addition to a standard (baseline) treatment in which wealth was determined by the experimenter, we conduct treatments in which either the dictator or the receiver earned wealth used in the subsequent...
Persistent link: https://www.econbiz.de/10005836258
We analyze distributional preferences in games in which a decider chooses the provision of a good that benefits a receiver and creates costs for a group of payers. The average decider takes into account the welfare of all parties and has concerns for efficiency. However, she attaches similar...
Persistent link: https://www.econbiz.de/10010734924
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10010897339
We address a basic diffculty with incorporating fairness into standard utilitarian choice theories. Standard … randomize. Our results indicate that fairness concerns are conducive to behavioral anomalies that the standard utilitarian model …
Persistent link: https://www.econbiz.de/10008536825
individual’s behavior, such as altruism, fairness, reciprocity, self-serving bias, kindness, intentions etc, manifest itself in …
Persistent link: https://www.econbiz.de/10005108450
Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments claiming that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is more important than inequity aversion. We show that these results...
Persistent link: https://www.econbiz.de/10005121219
Engelmann and Strobel (AER 2004) claim that a combination of efficiency seeking and minmax preferences dominates inequity aversion in simple dictator games. This result relies on a strong subject pool effect. The participants of their experiments were undergraduate students of economics and...
Persistent link: https://www.econbiz.de/10005739661
results of the first experiment, to our knowledge, to study fairness views about risk-taking, specifically whether such views … exclusively on ex ante opportunities, most favor some redistribution ex post. Many participants also make a distinction between ex …
Persistent link: https://www.econbiz.de/10008560053
A consensus seems to be emerging in economics that at least three motives are at work in many strategic decisions: distributive preferences, reciprocal preferences and self-interest. An important obstacle to this research, however, has been moral biases, i.e., the distortions created by...
Persistent link: https://www.econbiz.de/10005616927