Showing 1 - 10 of 25
pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …
Persistent link: https://www.econbiz.de/10010315203
reciprocity. Moreover, several theoretical papers have been written showing that the observed phenomena can be explained in a …
Persistent link: https://www.econbiz.de/10010315242
allows us to simultaneously estimate outcome-based and reciprocity-based social preferences. We find that non … reciprocity. The second type, denoted as moderately altruistic type, also puts positive weight on others’ payoff, yet at a … considerable lower level, and displays no positive reciprocity, while the third type is behindness averse, i.e., puts a large …
Persistent link: https://www.econbiz.de/10011931990
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an in-group or an out-group...
Persistent link: https://www.econbiz.de/10010274872
a structural model of preferences that allows us to simultaneously estimate outcome-based and reciprocity-based social … altruistic type, is characterized by a relatively large weight on others’ payoffs and moderate levels of reciprocity. The second … displays no positive reciprocity while the third type is behindness averse, i.e., puts a large negative weight on others …
Persistent link: https://www.econbiz.de/10011431279
Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal - at least partly - from an assumed positive...
Persistent link: https://www.econbiz.de/10010312870
allows us to simultaneously estimate outcome-based and reciprocity-based social preferences. We find that non … reciprocity. The second type, denoted as moderately altruistic type, also puts positive weight on others’ payoff, yet at a … considerable lower level, and displays no positive reciprocity, while the third type is behindness averse, i.e., puts a large …
Persistent link: https://www.econbiz.de/10012908656
The assumption that payoff-relevant information is observable but not verifiable is important for many core results in contract, organizational and institutional economics. However, subgame-perfect implementation (SPI) mechanisms - which are based on off-equilibrium arbitration clauses that...
Persistent link: https://www.econbiz.de/10010398533
In this paper we conduct a laboratory experiment to test the extent to which Moore and Repullo’s subgame perfect implementation mechanism induces truth-telling in practice, both in a setting with perfect information and in a setting where buyers and sellers face a small amount of uncertainty...
Persistent link: https://www.econbiz.de/10010531776
This paper provides evidence that free riders are heavily punished even if punishment is costly and does not provide any material benefits for the punisher. The more free riders negatively deviate from the group standard the more they are punished. As a consequence, the existence of an...
Persistent link: https://www.econbiz.de/10010314841