Showing 1 - 10 of 2,262
This paper derives and justifies a procedurally fair bidding mechanism and reviews experiments that apply the mechanism to public projects provision. In the experiments, not all parties benefit from provision, and the projects' costs can be negative. The experimental results indicate that the...
Persistent link: https://www.econbiz.de/10013060963
While little agreement exists regarding the taxation of bequests in general, there is a widely held view that accidental bequests should be subject to a confiscatory tax. We propose to reexamine the optimal taxation of accidental bequests in an economy where individuals care about what they...
Persistent link: https://www.econbiz.de/10012927516
An important element for the public support of policies is their perceived justice. At the same time most policy … choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when … their own risk preferences. The observed allocations are consistent with four different views of justice under uncertainty …
Persistent link: https://www.econbiz.de/10013315740
Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can trade with one of several sellers. Sellers who feel shortchanged can engage in counterproductive behavior to punish the buyer. We find that the same unfavorable terms of trade...
Persistent link: https://www.econbiz.de/10013315593
Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for climate policies, where the discounting of...
Persistent link: https://www.econbiz.de/10013315976
utilitarian justice concept appended with a safety net for the poorest. Another result is that people are willing to accept income …
Persistent link: https://www.econbiz.de/10013316175
The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10013030316
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
then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even …-sharing can be successful in the experiment, even when it is not in a selfish world …
Persistent link: https://www.econbiz.de/10013316263
consequences of their actions for others. We employ a laboratory experiment, using modified dictator games in which a dictator can …
Persistent link: https://www.econbiz.de/10013315744