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We solve the non-linear income tax program for a rank-dependent social welfare function à la Yaari, expressing the trade-off between size and inequality using the Gini or related families of positional indices. The key idea is that when agents optimize and absent bunching, ranks in the actual...
Persistent link: https://www.econbiz.de/10012839709
Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In...
Persistent link: https://www.econbiz.de/10013316668
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
also on the decisions of others. In the present article, we review the literature on decision making made by groups of the …
Persistent link: https://www.econbiz.de/10013111990
This paper provides an overview of RePEc a digital platform for the dissemination of research in economics. Specifically, the focus is on RePEc’s main author ranking, which aggregates 36 different rankings based on a range of criteria. The paper first describes the logic behind the ranking and...
Persistent link: https://www.econbiz.de/10014358401
This paper studies how a student’s ordinal rank in a peer group affects performance and specialisation choices in university. By exploiting data with repeated random assignment of students to teaching sections, we find that a higher rank increases performance and the probability of choosing...
Persistent link: https://www.econbiz.de/10013229786
This paper studies experimentally when and how ideological motives shape group decision-making outcomes. Groups …
Persistent link: https://www.econbiz.de/10013243248
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …
Persistent link: https://www.econbiz.de/10013306854
when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … when the decision environment is more complex. Third, cognitive uncertainty matters for choice architecture: people who are …
Persistent link: https://www.econbiz.de/10013311701
and decision time. Overall, the data show that more people follow the default if the nudge is made transparent. More … importantly, though, effects of transparency differ depending on whether people are fast or slow in their decision making. In … particular, (only) slow decision makers react more positively (keeping the default) if nudging is made transparent. Moreover, the …
Persistent link: https://www.econbiz.de/10014345559