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In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...
Persistent link: https://www.econbiz.de/10005789327
We report laboratory data on earned wealth effects in a series of anonymous dictator games. In addition to a standard (baseline) treatment in which wealth was determined by the experimenter, we conduct treatments in which either the dictator or the receiver earned wealth used in the subsequent...
Persistent link: https://www.econbiz.de/10005836258
individual’s behavior, such as altruism, fairness, reciprocity, self-serving bias, kindness, intentions etc, manifest itself in …
Persistent link: https://www.econbiz.de/10005108450
A consensus seems to be emerging in economics that at least three motives are at work in many strategic decisions: distributive preferences, reciprocal preferences and self-interest. An important obstacle to this research, however, has been moral biases, i.e., the distortions created by...
Persistent link: https://www.econbiz.de/10005616927
this recent literature and to propose a new, empirically sound, unifying concept which combines elements of fairness with …
Persistent link: https://www.econbiz.de/10005621869
results of the first experiment, to our knowledge, to study fairness views about risk-taking, specifically whether such views … exclusively on ex ante opportunities, most favor some redistribution ex post. Many participants also make a distinction between ex …
Persistent link: https://www.econbiz.de/10008560053
Parties in a bargaining situation may perceive guilt, a utility loss caused by receiving the larger share that is modeled in some social preferences. I extend Rubinstein (1982)'s solution of the open-ended alternating-offer bargaining problem for self-interested bargainers to a game with equally...
Persistent link: https://www.econbiz.de/10011108407
This note presents a solution to Rubinstein (1982)'s open-ended, alternating-offer bargaining problem for two equally patient bargainers that exhibit similar degrees of inequality aversion. Inequality-averse bargainers may perceive envy if being worse off and guilt if being better off, but they...
Persistent link: https://www.econbiz.de/10011108663
Bargainers in an open-ended alternating-offer bargaining situation may perceive envy, a utility loss caused by receiving the smaller share that is modeled in some social preferences in addition to self-interest. I extend Rubinstein (1982)'s original solution of the bargaining problem for two...
Persistent link: https://www.econbiz.de/10011112839
and a concept of social justice embedded in meritocracy framework by taking axiomatic approach and redefining standard … properties of inequality indices in a way that incorporates meritocracy, in particular equality of opportunity concept of Roemer … (1998). Taking into account recent proof Benabou(2000) that meritocracy contributes positively to growth, which break the …
Persistent link: https://www.econbiz.de/10005837235