Showing 1 - 10 of 577
People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … play an important role in shaping perceptions of fairness. Buyers used to high market prices, for example, are more likely …-dependent fairness preferences—either based on endogenous fairness reference points or based on shifts in salience—that can account for …
Persistent link: https://www.econbiz.de/10012981613
for instrumental purposes. We then present an experiment that tests these ideas in the laboratory and finds support for …
Persistent link: https://www.econbiz.de/10013306903
We present a dictator game experiment where the recipients are local charities that serve the poor. Donors consist of … respondents an audiovisual presentation about the recipients. The experiment yields three main findings. First, we find …
Persistent link: https://www.econbiz.de/10013152510
In settings with uncertainty, tension exists between ex ante and ex post notions of fairness (e.g., equal opportunity … versus equal outcomes). In a laboratory experiment, the most common behavioral pattern is for subjects to select the ex ante … explanations by examining contingent planning and the demand for commitment. While the population appears to be heterogeneous, our …
Persistent link: https://www.econbiz.de/10012907770
We conduct a lab-in-the-field experiment to identify parents' preferences for investing in their children. The … experiment exogenously varied the short-run returns to educational investments to identify how much parents care about maximizing …
Persistent link: https://www.econbiz.de/10013308357
groups perceive a particular exchange as fair. We investigate racial differences in fairness standards using preferences for …
Persistent link: https://www.econbiz.de/10013124541
arguments may be perceived as being used for different reasons, for example, out of fairness considerations or in order to … facilitate negotiations. Consistent with experimental and behavioral studies on fairness perceptions, we find that individuals …
Persistent link: https://www.econbiz.de/10013152832
This paper provides an overview of the main theoretical elements and empirical underpinnings of a managerial power' approach to executive compensation. Under this approach, the design of executive compensation is viewed not only as an instrument for addressing the agency problem between managers...
Persistent link: https://www.econbiz.de/10012786483
's perception of product fairness. We discuss implications of our findings for financial planners hoping to help their customers …
Persistent link: https://www.econbiz.de/10012910658
Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end-of-life transfers. First, we show that unequal bequests are much more common than generally recognized, with one-third of parents with wills planning to divide their estates unequally among...
Persistent link: https://www.econbiz.de/10013012689