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A popular sentiment is that fairness is inexorably subjective and incapable of being determined by objective standards …
Persistent link: https://www.econbiz.de/10005623557
A consensus seems to be emerging in economics that at least three motives are at work in many strategic decisions: distributive preferences, reciprocal preferences and self-interest. An important obstacle to this research, however, has been moral biases, i.e., the distortions created by...
Persistent link: https://www.econbiz.de/10005616927
We suggest a new approach to narrowing the field in elections, based on the deservingness of candidates to be contenders in a runoff, or to be declared one of several winners. Instead of specifying some minimum percentage (e.g., 50) that the leading candidate must surpass to avoid a runoff...
Persistent link: https://www.econbiz.de/10009004844
Parties in a bargaining situation may perceive guilt, a utility loss caused by receiving the larger share that is modeled in some social preferences. I extend Rubinstein (1982)'s solution of the open-ended alternating-offer bargaining problem for self-interested bargainers to a game with equally...
Persistent link: https://www.econbiz.de/10011108407
This note presents a solution to Rubinstein (1982)'s open-ended, alternating-offer bargaining problem for two equally patient bargainers that exhibit similar degrees of inequality aversion. Inequality-averse bargainers may perceive envy if being worse off and guilt if being better off, but they...
Persistent link: https://www.econbiz.de/10011108663
Bargainers in an open-ended alternating-offer bargaining situation may perceive envy, a utility loss caused by receiving the smaller share that is modeled in some social preferences in addition to self-interest. I extend Rubinstein (1982)'s original solution of the bargaining problem for two...
Persistent link: https://www.econbiz.de/10011112839
We report experimental data on expectations about generosity in a dictator game in which dictators first divide the pie and then make a guess about the donation of other dictators. In our experiment, recipients have to guess the donation that they are going to receive from their own dictator as...
Persistent link: https://www.econbiz.de/10011113342
This paper considers the distribution of responsibility for prevention of negative social or ecological effects of production and consumption. Responsibility is related to ability and ability depends on welfare. An increase in competition between Western companies depresses their profitability,...
Persistent link: https://www.econbiz.de/10008636487
results of the first experiment, to our knowledge, to study fairness views about risk-taking, specifically whether such views …
Persistent link: https://www.econbiz.de/10008560053
Persistent link: https://www.econbiz.de/10001721457