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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
Doctrinal lawyers strive to reduce legal uncertainty based on the premise that difficult to predict legal consequences discourage socially desirable activities. Contributions from the economic theory of law suggest that increasing legal uncertainty can be socially beneficial. We test in an...
Persistent link: https://www.econbiz.de/10011580756
Gender-specific patterns of self-selection into competitive and cooperative environments may have multiple reasons. One of the most prominent explanations to this point is, that there are inherent differences between men and women when it comes to preferences regarding competition. We take a...
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into CSR is high. -- Corporate Social Responsibility ; gift-exchange game ; experiment ; labor market ; incentives …
Persistent link: https://www.econbiz.de/10009230365
liability is much less effective than predicted. -- Risk Regulation ; Liability Rules ; Incentives Insolvency ; Experiment …
Persistent link: https://www.econbiz.de/10009515729
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011881706
Culture ; Personal Values ; Teams ; Economic Incentives …
Persistent link: https://www.econbiz.de/10003989034