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Equity versus efficiency? : Evidence from three-person generosity experiments

Güth, Werner; Pull, Kerstin; Stadler, Manfred; … - 2010

participants seem to care more for efficiency than for equity. In three-person generosity games equal agreement payoffs for two of … - efficiency seeking. Our treatments rely on a 2x3 factorial design differing in whether the responder or the third (dummy) player … exogenously given agreement payoff. -- generosity game ; equity ; efficiency ; experiment …

Persistent link: https://www.econbiz.de/10003952438

Whom to blame? : an experiment of collective harming and punishing

Güth, Werner; Otsubo, Hironori - 2011

economics ; Equality vs. efficiency ; Equilibrium selection ; Laboratory experiments …

Persistent link: https://www.econbiz.de/10009313097

Is regulation by milestones efficiency enhancing? : an experimental study of environmental protection

Freytag, Andreas; Güth, Werner; Koppel, Hannes; … - 2010

Viewing individual contributions as investments in emission reduction we rely on the familiar linear public goods-game to set global reduction targets which, if missed, imply that all payoffs are destroyed with a certain probability. Regulation by milestones does not only impose a final...

Persistent link: https://www.econbiz.de/10008747599

Does entitlement crowd out efficiency or equality seeking? : selling the roles in generosity game experiments

Bäker, Agnes; Güth, Werner; Pull, Kerstin; Stadler, … - 2010

proposer's choice of the "pie" size. This has been shown to induce pie choices which are either efficiency or equality seeking … bias of competitive auctions. We find that entitlement crowds out equality seeking and strengthens efficiency seeking … ; Game ; Efficiency Seeking ; Inequity Aversion ; Satisficing …

Persistent link: https://www.econbiz.de/10008758824

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

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

Though the social choice of social institutions or social results is impossible there is, strictly speaking, no social choice individual evaluations of social institutions or results trivially are possible. Such individual evaluations can be deemed liberal either because they emphasize political...

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

Satisficing and prior-free optimality in price competition : a theoretical and experimental analysis

Güth, Werner (contributor); Levati, M. Vittoria (contributor) - 2008

On a heterogeneous experimental oligopoly market, sellers choose a price, specify a set-valued prior-free conjecture about the others' behavior, and form their own profit-aspiration for each element of their conjecture. We formally define the concepts of satisficing and prior-free optimality and...