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Theoretical research on claims problems has concentrated on normative properties and axiomatizations of solution concepts. We complement these analyses by empirical evidence on the predictability of three classical solution concepts in a bankruptcy problem. We examine both people's impartial...
Persistent link: https://www.econbiz.de/10010262122
Uncertain outcomes are an inevitable feature of policy choices and their public support often depends on their perceived justice. Surprisingly little is known about how people perceive justice under uncertainty. We theoretically and experimentally explore just allocations of resources when...
Persistent link: https://www.econbiz.de/10013006995
Redistribution is an inevitable feature of collective pension schemes and economic experiments have revealed that most people have a preference for redistribution that is not merely inspired by self-interest. Interestingly, little is known on how these preferences interact with preferences for...
Persistent link: https://www.econbiz.de/10013008208