Showing 1 - 10 of 397
People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … play an important role in shaping perceptions of fairness. Buyers used to high market prices, for example, are more likely …-dependent fairness preferences - either based on endogenous fairness reference points or based on shifts in salience - that can account …
Persistent link: https://www.econbiz.de/10012987400
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...
Persistent link: https://www.econbiz.de/10013086605
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
inform the debate on the fairness of market outcomes by showing that the use of a competitive procedure can, by itself …
Persistent link: https://www.econbiz.de/10013315593
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
fairness perceptions affect the reaction to punishment and whether this effect is consistent across repeated play and role … behavior depending on their fairness perceptions, their experienced emotions, and their interaction with responders. We find … that fairness plays an important role in the behavior of proposers. Specifically, deviations from a perceived fairness norm …
Persistent link: https://www.econbiz.de/10013318739
the model's predictions in a laboratory experiment. Because collusive tax evasion involves social interaction, this paper …
Persistent link: https://www.econbiz.de/10013028921
-performers prefer a payment system that reduces their income; distributional fairness and social emotions …
Persistent link: https://www.econbiz.de/10013117787
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10013101194