Showing 1 - 10 of 193
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an in-group or an out-group...
Persistent link: https://www.econbiz.de/10013129110
We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...
Persistent link: https://www.econbiz.de/10013129910
convergence with regard to individuals' trust and risk, as well as perceived fairness and cooperativeness. Our hypotheses are … fairness, full convergence in risk attitude is reached in recent years …
Persistent link: https://www.econbiz.de/10013137530
they argue for or against mandatory participation? Should we have less redistribution and more actuarial fairness? How does …
Persistent link: https://www.econbiz.de/10013139713
health, and fairness of pay …
Persistent link: https://www.econbiz.de/10013124489
The form of contests for a single fixed prize can be determined by a designer who maximizes the contestants' efforts. This paper establishes that, under common knowledge of the two asymmetric contestants' prize valuations, a fair Tullock-type endogenously determined lottery is always superior to...
Persistent link: https://www.econbiz.de/10013096475
-setting decisions on an internal reference, called the fairness reference. Wage and employment outcomes and the shape of the aggregate … wage-setting curve depend on the weight and the size of the fairness reference relative to the outside option. If the … fairness reference is relatively high compared to the outside option, higher wages and lower employment than in the standard …
Persistent link: https://www.econbiz.de/10013099763
Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three seller types: "the good" choose fair prices and behave...
Persistent link: https://www.econbiz.de/10013107208
We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options. Building on the generalized equity principle formulated by Selten (1978), we derive three different equity rules that can explain 43% of all offers. Our within-subject design further...
Persistent link: https://www.econbiz.de/10013074889
The authors analyze gender differences in fairness perceptions of own wages and subsequent wage growth. The main … fairness perceptions. Further analysis shows that individuals, who perceive their wage as unfair, experience larger wage growth …
Persistent link: https://www.econbiz.de/10012926731