Showing 1 - 10 of 213
Economic decisions have been shown to depend on actual outcomes as well as perceived intentions. In this paper, we examine wether and how the relative importance of outcomes or intentions for economic decision develops with age. We report the resullt of ultimatum games with children, teens and...
Persistent link: https://www.econbiz.de/10005866901
Supporters of left-wing parties typically place more emphasis on redistributive policies than right-wing voters. I investigate whether this difference in tolerating inequality is amplified by suspicious success - achievements that may arise from cheating. Using a laboratory experiment, I...
Persistent link: https://www.econbiz.de/10011932947
People with higher-incomes tend to support less redistribution than lower-income people. This has been attributed not … underlying inequality, differing fairness views, and differing perceptions of social norms. In this study, we directly measure … each of these mechanisms and compare their mediating roles in the relationship between status and redistribution. In our …
Persistent link: https://www.econbiz.de/10014467776
We analyze the effects of introducing asymmetric information andexpectations in the investment game (Berg et al., 1995). In our experiment,only the trustee knows the size of the surplus. Subjects’expectations about each other’s behavior are also elicited. Our resultsshow that average payback...
Persistent link: https://www.econbiz.de/10005866876
A series of experiments compares bargaining behavior under three different settings: no arbitration, conventional and final offer arbitration. Under no arbitration disputes with zero payoffs were around 10%, while the pie was equally split in less than half of the cases. Under conventional...
Persistent link: https://www.econbiz.de/10010297233
Fairness is a strong concern as shown by dictator and ultimatum experiments. Efficiency, measured by the sum of … fain by gift giving. Our results indicate that efficiency concerns are dominated by fairness concerns that are less …
Persistent link: https://www.econbiz.de/10005867006
strongly motivated by fairness and efficiency considerations.This evidence, however, results mainly from experimental designs … fairness are less influential. We investigate and confirm this frame dependencymore systematically by comparing net …
Persistent link: https://www.econbiz.de/10005866809
This paper experimentally investigates the impact of different pay and relative performance information policies on employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through the production period, and continuously updated...
Persistent link: https://www.econbiz.de/10005860221
Several division rules have been proposed in the literature regarding how anarbiter should divide a bankrupt estate. Different rules satisfy different sets ofaxioms, but all rules satisfy claims boundedness which requires that no contributorbe given more than her initial contribution. This paper...
Persistent link: https://www.econbiz.de/10005866654
A simple two-person distribution game similar to the ultimatumgame is introduced. However, unlike the standard ultimatumgame, responders can determine the payoff for the proposerin case of rejection. Therefore, they can express their concerns inmonetary quantities. The experimental data are...
Persistent link: https://www.econbiz.de/10005866759