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Moral property rights in bargaining
Gächter, Simon; Riedl, Arno - 2002
In many business transactions, in labor-management relations, in international conflicts, and welfare state reforms claims acquired in the past seem to create strong entitlements that shape current negotiations. Despite their importance, the role of entitlements in negotiations has not received...
Persistent link: https://www.econbiz.de/10011409699
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Meta-analysis of inequality aversion estimates
Nunnari, Salvatore; Pozzi, Maximilian Joseph - 2022
) and advantageous inequality aversion (or guilt) from 26 articles in economics, psychology, neuroscience and computer … interval [0:240; 0:620]; the mean guilt coefficient is 0:290 with a 95% probability that the true value lies in the interval [0 …
Persistent link: https://www.econbiz.de/10013285841
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A matter of perspective : how experience shapes preferences for redistribution
Cassar, Lea; Klein, Arnd Heinrich - 2017
We investigate in a laboratory experiment if the experience of economic failure or success shapes people's preferences for redistribution beyond self-interest. Subjects generated a high or a low income either through a lottery or through an effort-based tournament. A sub-set of subjects could...
Persistent link: https://www.econbiz.de/10011588059
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Valuing the time of the self-employed
Agness, Daniel; Baseler, Travis; Chassang, Sylvain; … - 2022
People’s value for their own time is a key input in evaluating public policies: evaluations should account for time taken away from work or leisure as a result of policy. Using rich choice data collected from farming households in western Kenya, we show that households exhibit non-transitive...
Persistent link: https://www.econbiz.de/10012815796
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Emotion research in economics
Wälde, Klaus - 2016
Emotions were central to the development of economics, especially in utility theory in classical economics. While neoclassical utility theory basically abolished emotions, behavioural economics more recently reintroduced emotions in utility theory. Beyond utility theory, economic theorists use...
Persistent link: https://www.econbiz.de/10011499845
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Psychological and social motivations in microfinance contracts : theory and evidence
Dhami, Sanjit S.; Arshad, Junaid; Al-Nowaihi, Ali - 2019
either privately, or publicly in front of one's social group. Our theoretical model identifies guilt from letting down the … large treatment effects and confirms the central roles of guilt and shame. Under private repayment, a JL contract increases … compared to guilt-aversion. Under IL, repayment in public relative to private repayment increases effort by 60%, confirming our …
Persistent link: https://www.econbiz.de/10012040097
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The introduction of formal insurance and its effect on redistribution
Anderberg, Dan; Morsink, Karlijn - 2019
Transfers motivated by altruism, norms of giving, and guilt play an important role in supporting individuals who suffer … norm of giving where donors feel guilty for deviating from the norm. The feelings of guilt decline with the expected social …
Persistent link: https://www.econbiz.de/10011996393
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Pro bono work and trust in expert fields
Ong, David; Yang, Chun-lei - 2014 - This version: July 26, 2014
A controversy has been simmering in law for at least 30 years about whether pro bono work should be mandatory for lawyers, who now donate 1-3% of their time to the poor. This has centered on the unmet legal needs of the poor, the duty of lawyers, and the contrast with US doctors, who are...
Persistent link: https://www.econbiz.de/10010383298
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A fairness justification of utilitarianism
Piacquadio, Paolo G. - 2016
critiques to utilitarianism by satisfying the following three fairness axioms: possibility of trade-offs sets a limit to the …
Persistent link: https://www.econbiz.de/10011434634
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What makes a price fair? : an experimental study of transaction experience and endogenous fairnesss views
Herz, Holger; Taubinsky, Dmitry - 2016
People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … arising from previous transactions play an important role in shaping perceptions of fairness. Buyers used to high market … two classes of models of path-dependent fairness preferences - either based on endogenous fairness reference points or …
Persistent link: https://www.econbiz.de/10011482926