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This paper studies the effects of two different frames on decisions in a dictator game. Before making their allocation decision, dictators read a short text. Depending on the treatment, the text either emphasizes their decision power and freedom of choice or it stresses their responsibility for...
Persistent link: https://www.econbiz.de/10011852744
This paper studies the effects of two different frames on decisions in a dictator game. Before making their allocation decision, dictators read a short text. Depending on the treatment, the text either emphasizes their decision power and freedom of choice or it stresses their responsibility for...
Persistent link: https://www.econbiz.de/10011849527
Is the willingness to make trades influenced by how the total gains from trade are split between the trading partners? We present results from a bilateral trade game (n = 128) where all participants were price-takers and trading pairs faced one of three exogenously imposed trading prices. The...
Persistent link: https://www.econbiz.de/10012227801
We expand upon the previous models of inequity aversion of Fehr and Schmidt [1], and Frohlich et al. [2], which assume that dictators get disutility if the final allocation of surplus deviates from the equal split (egalitarian principle) or from the subjects' production (libertarian principle)....
Persistent link: https://www.econbiz.de/10010369344
We expand upon the previous models of inequity aversion of Fehr and Schmidt [1], and Frohlich et al. [2], which assume that dictators get disutility if the final allocation of surplus deviates from the equal split (egalitarian principle) or from the subjects' production (libertarian principle)....
Persistent link: https://www.econbiz.de/10009754116
Is the willingness to make trades influenced by how the total gains from trade are split between the trading partners? We present results from a bilateral trade game (n = 128) where all participants were price-takers and trading pairs faced one of three exogenously imposed trading prices. The...
Persistent link: https://www.econbiz.de/10012168600
mechanisms to the dilemma in recent decades. Although punishment is thought to be a key mechanism, evolutionary game theory has … revealed that the simplest form of punishment called peer punishment is useless to solve the dilemma, since peer punishment … itself is costly. In the literature, more complex types of punishment, such as pool punishment or institutional punishment …
Persistent link: https://www.econbiz.de/10012015563
the use of loaded language significantly reduces the incidence of bribery and increases the level of punishment …. Punishment of bribery leads to reduced bribery in future. The evidence suggests that this game captures essential features of a …
Persistent link: https://www.econbiz.de/10011515620
welfare is reduced is that punishment can express anger about free-riding. If this is the case, then tools that regulate …
Persistent link: https://www.econbiz.de/10011621328
We formally explore the idea that punishment of norm-breakers may be a vehicle for the older generation to teach … between past, present, and future punishment. Information about the past is important for youngsters, because the past shapes … the future. Reward-based mechanisms may also work and are welfare superior to punishment-based ones. However, reward …
Persistent link: https://www.econbiz.de/10012014968