Showing 1 - 10 of 1,445
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which … theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted … between different fairness principles. Fairness theories that are based on the assumption that players compare their own …
Persistent link: https://www.econbiz.de/10010267590
fairness ideas of equity regarding contribution possibilities but not regarding earnings. Individuals with different …
Persistent link: https://www.econbiz.de/10010269498
the fairness and unfairness of allocations in three different scenarios (a Dictator game, an Ultimatum game, and a Trust … same session we elicit again their principles regarding the fairness and unfairness of allocations in the same three … norm in its favor and the weak side agrees: Stated fairness is a compromise with power. Second, in most situations …
Persistent link: https://www.econbiz.de/10010286903
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which … theories of fairness and reciprocity capture these forces. We find that cooperators’ punishment is almost exclusively targeted … between different fairness principles. Fairness theories that are based on the assumption that players compare their own …
Persistent link: https://www.econbiz.de/10005703785
data. Factors emphasized in the economic theory of agency, notably risk aversion, also shape pay policies but these factors …
Persistent link: https://www.econbiz.de/10010267317
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences (values), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and social norms arise from individuals' behaviors and...
Persistent link: https://www.econbiz.de/10010282313
Are ethnic specialization and thus a downward sloping labor demand curve fundamental features of labor market competition between ethnic groups? In a general equilibrium model, this paper argues that spillover effects in skill acquisition and social distances between ethnic groups engender...
Persistent link: https://www.econbiz.de/10010268355
paper presents a model of killing versus enslaving Caesar, based on a new theory which unifies justice, status, and power … of societies - justice-nonmaterialistic, status, and power-nonmaterialistic. Results cover members' gains, effects of own … killed only in a justice-nonmaterialistic society, and from the noblest of motives - to achieve equal gains for members. …
Persistent link: https://www.econbiz.de/10010268571
We incorporate inequity aversion into an otherwise standard New Keynesian dynamic equilibrium model with Calvo wage contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high incomes experience guilt. The former seek to raise their...
Persistent link: https://www.econbiz.de/10010282209
Does the supply of a welfare state create its own demand? Many economic scholars studying welfare arrangements refer to Say's law and insinuate a self-destructive welfare state. However, little is known about the empirical validity of these assumptions and hypotheses. We study the dynamic effect...
Persistent link: https://www.econbiz.de/10010269153