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The Role of Equality and Efficiency in Social Preferences
Fehr, Ernst; Naef, Michael; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2005
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/10005114463
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Verified Trust: Reciprocity, Altruism and Noise in Trust Games
Brülhart, Marius; Usunier, Jean-Claude - C.E.P.R. Discussion Papers - 2004
Behavioural economists have come to recognize that reciprocity, the interaction of trust and trustworthiness, is a … principally due to observed decisions in experimental ‘trust games’. However, recent research has cast doubt on the explanatory … power of trust as a determinant of those decisions, suggesting that altruism may explain much of what ‘looks like’ trust …
Persistent link: https://www.econbiz.de/10005788946
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Preferences for Consistency
Falk, Armin; Zimmermann, Florian - C.E.P.R. Discussion Papers - 2011
This paper studies how a preference for consistency can affect economic decisionmaking. We propose a two-period model where people have a preference for consistency because consistent behavior allows them to signal personal and intellectual strength. We then present three experiments that study...
Persistent link: https://www.econbiz.de/10009293989
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The Big Carrot: High Stake Incentives Revisited
Brañas-Garza, Pablo; García-Muñoz, Teresa; Neuman, … - C.E.P.R. Discussion Papers - 2008
This paper provides an empirical demonstration of high stakes incentives in relation to religious practice. It shows that, when both positive (carrot) and negative (stick) incentives are available, the former are more effective than the latter. Specifically, it is shown that beliefs in heaven...
Persistent link: https://www.econbiz.de/10005661888
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Other-Regarding Preferences in General Equilibrium
Dufwenberg, Martin; Heidhues, Paul; Kirchsteiger, Georg; … - C.E.P.R. Discussion Papers - 2008
We study competitive market outcomes in economies where agents have other-regarding preferences. We identify a separability condition on monotone preferences that is necessary and sufficient for one's own demand to be independent of the allocations and characteristics of other agents in the...
Persistent link: https://www.econbiz.de/10005114265
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Exploitation, Altruism, and Social Welfare: An Economic Exploration
Doepke, Matthias - C.E.P.R. Discussion Papers - 2013
Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...
Persistent link: https://www.econbiz.de/10011084615
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The Behavioural Effects of Minimum Wages
Falk, Armin; Fehr, Ernst; Zehnder, Christian - C.E.P.R. Discussion Papers - 2005
The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10005124189
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Cardiovascular Consequences of Unfair Pay
Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011
This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...
Persistent link: https://www.econbiz.de/10009144731
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Organizations, Diffused Pivotality and Immoral Outcomes
Falk, Armin; Szech, Nora - C.E.P.R. Discussion Papers - 2013
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...
Persistent link: https://www.econbiz.de/10011084048
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Network Structure and Strategic Investments: An Experimental Analysis
Rosenkranz, Stephanie; Weitzel, Utz - C.E.P.R. Discussion Papers - 2008
This paper analyzes the effects of network positions and individual risk attitudes on individuals' strategic decisions in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of Bramoullé and Kranton (2007). In particular, we are...
Persistent link: https://www.econbiz.de/10005136539