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Procedurally fair provision of public projects : an axiomatic characterization

Güth, Werner; Kliemt, Hartmut - 2011

Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We present an axiomatic characterization of a class of bidding processes to spell out the underlying egalitarian values for collective projects of a "productive state". At heart of...

Persistent link: https://www.econbiz.de/10008990916

Collectively ranking candidates : an axiomatic approach

Güth, Werner - 2011

Different evaluators typically disagree how to rank different candidates since they care more or less for the various qualities of the candidates. It is assumed that all evaluators submit vector bids assigning a monetary bid for each possible rank order. The rules must specify for all possible...

Persistent link: https://www.econbiz.de/10008991294

Fairness that money can buy : procedural egalitarianism in practice

Güth, Werner; Kliemt, Hartmut - 2013

We suggest that procedures of monetarized bidding can facilitate co-operation in Elinor Ostrom type common(s) projects without crowding out communitarian faculties of "self-governance". Axioms securing procedurally egalitarian bidding on the basis of declared monetary evaluations are introduced....

Persistent link: https://www.econbiz.de/10009686468

Bargaining and negotiations : what should experimentalists explore more thoroughly?

Güth, Werner - 2011

A long time ago most economists would have limited themselves to stating that agreements should be individually rational and efficient and that selecting a specific agreement from that set depends on bargaining and negotiation power whatever that may be. Nowadays hardly any economist will argue...

Persistent link: https://www.econbiz.de/10008989998

Endogenous community formation and collective provision : a procedurally fair mechanism

Güth, Werner - 2013

A group of actors, individuals or firms, can engage in collectively providing projects which may be costly or generating revenues and which may benefit some and harm others. Based on requirements of procedural fairness (Güth and Kliemt, 2013), we derive a bidding mechanism determining...

Persistent link: https://www.econbiz.de/10009736802

Ranking alternatives by a fair bidding rule : a theoretical and experimental analysis

Güth, Werner; Levati, Vittoria M.; Montinari, Natalia - 2012

We introduce a procedurally fair rule to study a situation where people disagree about the value of three alternatives in the way captured by the voting paradox. The rule allows people to select a final collective ranking by submitting a bid vector with six components (the six possible rankings...

Persistent link: https://www.econbiz.de/10009500726

The impossibility of social choice and the possibilities of individual values : political and philosophical liberalism reconsidered

Güth, Werner (contributor); Kliemt, Hartmut (contributor) - 2008

deemed liberal either because they emphasize political institutions that embody liberal values (political liberalism) or … because individuals make up their mind in a specifically liberalʺ way of forming ethical judgment (philosophical liberalism …). Seen in this light the Paradox of Liberalism is of theoretical or philosophical interest but not a practical problem of …

Persistent link: https://www.econbiz.de/10003765995

Making the world a better place : experimental evidence from the generosity game

Güth, Werner; Levati, M. Vittoria; Ploner, Matteo - 2009

We study ultimatum and dictator experiments where the first mover chooses the amount of money to be distributed between the players within a given interval, knowing that her own share is fixed. Thus, the first mover is faced with scarcity, but not with the typical trade-off between her own and...

Persistent link: https://www.econbiz.de/10003883008

Rules (of bidding) to generate equal stated profits : an axiomatic approach

Güth, Werner - 2010

Although one may hope to achieve equality of stated profits without enforcing it, one may not trust in such voluntary equality seeking and rather try to impose rules (of bidding) guaranteeing it. Our axiomatic approach is based on envy-free net trades according to bids which, together with the...

Persistent link: https://www.econbiz.de/10003944203

Psychology and economics rather than psychology versus economics : cultural differences but no barriers!

Brandstätter, Hermann; Güth, Werner; Kliemt, Hartmut - 2008

During the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition and, indirectly, of behaviorism we...

Persistent link: https://www.econbiz.de/10003809939