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We examine the impact of social distance in dictator game giving. The study is conducted in a field setting with high stakes (two days’ wages). The sample is a representative sample from eleven low-income Mexican villages. Subjects make multiple dictator decisions simultaneously, in a...
Persistent link: https://www.econbiz.de/10011905041
This paper examines a general model of contract in multi-period settings with both external and self-enforcement. In … the model, players alternately engage in contract negotiation and take individual actions. A notion of contractual … relationship. In particular, the model shows the importance of accounting for the self-enforced component of contract in the …
Persistent link: https://www.econbiz.de/10009785335
Persistent link: https://www.econbiz.de/10011620749
A smart contract can be defined as a computer program, stored on a blockchain, which allows a transaction or an …
Persistent link: https://www.econbiz.de/10014422519
We conduct an artefactual field experiment to compare the individual preferences and propensity to cooperate of three … and contribute less than workers. Temporary and permanent contract workers have similar other-regarding preferences and …
Persistent link: https://www.econbiz.de/10011316662
In two-person generosity games, the proposer’s agreement payoff is exogenously given, whereas that of the responder is endogenously determined by the proposer’s choice of the pie size. In three-person generosity games, equal agreement payoffs for two of the players are either exogenously...
Persistent link: https://www.econbiz.de/10009751380
outcomes of either the individual herself or her reference group. The experiment described in this paper suggests that, in …
Persistent link: https://www.econbiz.de/10009751388
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10009752417
The literature on social norms has often stressed that social disapproval is crucial to foster compliance with norms and promote fair and cooperative behavior. With this in mind, we explore the disapproval of allocation decisions using experimental data from five dictator games with a feedback...
Persistent link: https://www.econbiz.de/10009752852
We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...
Persistent link: https://www.econbiz.de/10010240829