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Does Market Interaction Erode Moral Values?

Özdemir, Yagiz - 2020

The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market interaction, as a side effect, erodes moral values. An encompassing understanding of the virtues and vices of markets, including their possible impact on moral values, is necessary...

Persistent link: https://www.econbiz.de/10012823552

Collective Intertemporal Decisions and Heterogeneity in Groups

Glätzle-Rützle, Daniela - 2019

Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision...

Persistent link: https://www.econbiz.de/10012866616

Rank Versus Inequality—Does Gender Composition Matter?

Kim, Duk Gyoo; Riegel, Max - 2022

This study investigates the influence of gender composition on allocation decisions involving a rank–inequality tradeoff. In a laboratory experiment, participants chose to either alleviate inequality by relinquishing their current relative rank or exacerbate inequality by maintaining their...

Persistent link: https://www.econbiz.de/10014241313

Competition for Promotion Can Induce Household Specialization between Equally Competitive Spouses

Bastani, Spencer; Dickmanns, Lisa; Giebe, Thomas; … - 2022

We analyze equally competitive spouses competing for promotion in their respective workplaces and show that an asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare-superior to the symmetric equilibrium are highlighted. By...

Persistent link: https://www.econbiz.de/10013293277

Optimal Redistribution in the Presence of Signaling

Bastani, Spencer; Blumkin, Tomer; Micheletto, Luca - 2021

We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only unobserved by the government, but also by prospective employers. Signaling in both one and two dimensions is considered, where in the latter case firms have an informational...

Persistent link: https://www.econbiz.de/10013217555

Nonlinear Taxation of Income and Education in the Presence of Income-Misreporting

Bastani, Spencer; Gahvari, Firouz; Micheletto, Luca - 2022

We study the joint design of nonlinear income and education taxes when the government pursues redistributive objectives. A key feature of our setup is that the ability type of an agent can affect both the costs and benefits of acquiring education. Market remuneration of agents depends on both...

Persistent link: https://www.econbiz.de/10014243756

Contracts, fairness, and incentives

Fehr, Ernst; Klein, Alexander; Schmidt, Klaus M. - 2004

We show experimentally that fairness concerns may have a decisive impact on both the actual and the optimal choice of … inferior when some agents value fairness. Conversely, implicit bonus contracts that are doomed to fail among purely selfish … recently developed theories of fairness, which also offer interesting new insights into the interaction of contract choices …

Persistent link: https://www.econbiz.de/10010261212