Showing 1 - 10 of 1,011
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
This paper analyzes a dynamic relational contract for employees with reciprocal preferences. I develop a tractable model to investigate how “direct” performance-pay (promising a bonus in exchange for effort) and generous upfront wages (which activate the norm of reciprocity) interact over...
Persistent link: https://www.econbiz.de/10012241077
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10011398368
In this paper we show that a simple model of fairness preferences explains major experimental regularities of common …
Persistent link: https://www.econbiz.de/10011398786
We report results from the first experimental study of round-robin tournaments. In our experiment, we investigate how … the prize structure affects the intensity, fair-ness, and dynamic behavior in sequential round-robin tournaments with three …
Persistent link: https://www.econbiz.de/10013167956
contributing to the public good. The model combines a follower's concern for fairness and informational signaling about … experiment (Jack and Recalde, J. Public Econ, 2015) but cannot be obtained in previous theoretical models of voluntary public …
Persistent link: https://www.econbiz.de/10011573862
Debates about affirmative action often revolve around fairness. Accordingly, we document substantial heterogeneity in … the fairness perception of various affirmative action policies. But do these differences translate into different … consequences? In a laboratory experiment, we study three different quota rules in tournaments that favor individuals whose …
Persistent link: https://www.econbiz.de/10013482644
trembling-hand perfect equilibrium under selfish preferences even towards the end of our experiment. The likely reasons for our …
Persistent link: https://www.econbiz.de/10012612955
averse preferences, as in Fehr and Schmidt (1999). We conduct an artefactual ultimatum game experiment with registered …
Persistent link: https://www.econbiz.de/10012240327
Recent evidence highlights the importance of social norms in many economic relations. However, many of these relationships are long-term and provide repeated game incentives for performance. We experimentally investigate interaction effects of reciprocity and repeated game incentives in two...
Persistent link: https://www.econbiz.de/10011398911