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Net-Loss Reciprocation and the Context Dependency of Economic Choices
König, Clemens - Volkswirtschaftliche Fakultät, … - 2013
This paper proposes a novel explanation for the context dependency of individual choices in two-player games. Context dependency refers to the well-established phenomenon that a player, when choosing from a given opportunity set created by the other player’s strategy, chooses differently in...
Persistent link: https://www.econbiz.de/10011210866
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Bargaining under Incomplete Information, Fairness, and the Hold-Up Problem
Siemens, Ferdinand von - Volkswirtschaftliche Fakultät, … - 2005
In the hold-up problem incomplete contracts cause the proceeds of relation specific investments to be allocated by ex-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences implying heterogeneous bargaining behavior...
Persistent link: https://www.econbiz.de/10005187303
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Fairness, Adverse Selection, and Employment Contracts
Siemens, Ferdinand von - Volkswirtschaftliche Fakultät, … - 2005
extent of their fairness concerns. Fairness is modelled as inequity aversion, where fair-minded workers suffer if their … colleagues get more income net of production costs. Screening workers with equal productivity but different fairness concerns is … the fraction of fair-minded workers. As a result, fairness might infuence the employment contracts of all workers although …
Persistent link: https://www.econbiz.de/10005649802
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The Role of Equality and Equity in Social Preferences
Fehr, Ernst; Näf, Michael; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2005
Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments claiming that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is more important than inequity aversion. We show that these results...
Persistent link: https://www.econbiz.de/10005121219
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Revealed Distributional Preferences: Individuals vs. Teams
Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin G. - Volkswirtschaftliche Fakultät, … - 2013
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10010897339
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Homo Sapiens Sapiens Meets Homo Strategicus at the Laboratory
Renou, Ludovic; Bayer, Ralph C. - Department of Economics, Leicester University - 2008
Homo Strategicus populates the vast plains of Game Theory. He knows all logical implications of his knowledge (logical omniscience) and chooses optimal strategies given his knowledge and beliefs (rationality). This paper investigates the extent to which the logical capabilities of Homo Sapiens...
Persistent link: https://www.econbiz.de/10005007504
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Cognitive abilities and behavior in strategic-form games.*
Bayer, Ralph-C.; Renou, Ludovic - Department of Economics, Leicester University - 2011
This paper investigates the relation between cognitive abilities and behavior in strategic-form games with the help of a novel experiment. The design allows us first to measure the cognitive abilities of subjects without confound and then to evaluate their impact on behaviour in strategic-from...
Persistent link: https://www.econbiz.de/10008800613
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Promises and Image Concerns
Schütte, Miriam; Thoma, Carmen - Volkswirtschaftliche Fakultät, … - 2014
post observability of the promising party's action in order to test for social image concerns. We observe that slightly …
Persistent link: https://www.econbiz.de/10011106295
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Delegation and Rewards
Vetter, Stefan - Volkswirtschaftliche Fakultät, … - 2012
We study experimentally whether anti-corruption policies with a focus on bribery might be insufficient to uncover more subtle ways of gaining an unfair advantage. In particular, we investigate whether an implicit agreement to exchange favors between a decision-maker and a lobbying party serves...
Persistent link: https://www.econbiz.de/10010540487
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An experimental test of the deterrence hypothesis
Hörisch, Hannah; Strassmair, Christina - Volkswirtschaftliche Fakultät, … - 2008
Crime has to be punished, but does punishment reduce crime? We conduct a neutrally framed laboratory experiment to test …
Persistent link: https://www.econbiz.de/10005187333