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Security of Property as a Public Good : Institutions, Socio-Political Environment and Experimental Behavior in Five Countries

Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T. K.; … - 2021

We study experimentally the protection of property in five widely distinct countries - Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...

Persistent link: https://www.econbiz.de/10013315835

Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries

Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - CESifo - 2012

We study experimentally the protection of property in five widely distinct countries— Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...

Persistent link: https://www.econbiz.de/10010595381

Too Lucky to Be True - Fairness Views Under the Shadow of Cheating

Bortolotti, Stefania - 2017

inequality, such as differences in effort, luck, or opportunities. We study how fairness views and the extent of redistribution … outcome. Although third parties cannot verify cheating, we find that the mere suspicion of cheating changes fairness views of ….e., participants who never redistribute. Without cheating opportunities, libertarian fairness views dominate, while egalitarian views …

Persistent link: https://www.econbiz.de/10012950294

Measuring Indirect Effects of Unfair Employer Behavior on Worker Productivity - A Field Experiment

Heinz, Matthias - 2018

We present a field experiment in which we set up a call-center to study how the productivity of workers is affected if managers treat their co-workers in an unfair way. This question cannot be studied in long-lived organizations since workers may change their career expectations (and hence...

Persistent link: https://www.econbiz.de/10012929481

The Development of Egalitarianism, Altruism, Spite and Parochialism in Childhood and Adolescence

Fehr, Ernst; Glätzle-Rützle, Daniela; Sutter, Matthias - 2021

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/10013316068

Identity-Driven Cooperation Versus Competition

Snower, Dennis J. - 2016

developments have important welfare implications …

Persistent link: https://www.econbiz.de/10012996263

The Effect of Language on Economic Behavior : Experimental Evidence from Children's Intertemporal Choices

Sutter, Matthias - 2015

According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We complement...

Persistent link: https://www.econbiz.de/10013013093

Hyperbolic Discounting and Positive Optimal Inflation

Graham, Liam - 2013

The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest …

Persistent link: https://www.econbiz.de/10013092871

The Minimum Wage from a Two-Sided Perspective

Brown, Alessio J.G. - 2014

This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...

Persistent link: https://www.econbiz.de/10013051265

Second-Degree Moral Hazard in a Real-World Credence Goods Market

Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2021

Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...

Persistent link: https://www.econbiz.de/10013315697