Showing 1 - 9 of 9
Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments … of the E&S experiments were undergraduate students of economics and business administration who self-selected into their …
Persistent link: https://www.econbiz.de/10005114463
party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without …
Persistent link: https://www.econbiz.de/10011083305
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10008468606
, inducing them to resist entering into employment contracts. This resistance to employment contracts vanishes if fairness …
Persistent link: https://www.econbiz.de/10011084462
-interest theory but is consistent with theories of fairness. …
Persistent link: https://www.econbiz.de/10005114195
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 …
Persistent link: https://www.econbiz.de/10005656392
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms auctions if sellers are likely to have superior information...
Persistent link: https://www.econbiz.de/10011096108
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned with fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful … of a series of experiments. Furthermore, our results suggest that the existence of fair actors may be an important reason …
Persistent link: https://www.econbiz.de/10005792499
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property …
Persistent link: https://www.econbiz.de/10005504775