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Bierbrauer, Felix; Netzer, Nick - 2014

We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...

Persistent link: https://www.econbiz.de/10011282463

Mechanim design and intentions

Bierbrauer, Felix; Netzer, Nick - 2012

We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...

Persistent link: https://www.econbiz.de/10010316927

Internal and External Barriers to Energy Efficiency: Made-to-Measure Policy Interventions

Cattaneo, Cristina - 2018

This paper has two objectives. First it provides a correlation between internal and external barriers to energy efficiency and consumer behaviour related to two domains. It evaluates behaviour related to energy curtailment, which represents routine, repetitive effort to decrease consumption on a...

Persistent link: https://www.econbiz.de/10011816769

The role of sentiment in the U.S. economy: 1920 to 1934

Kabiri, Ali; James, Harold; Landon-Lane, John S.; … - 2022

This paper investigates sentiment in the US economy from 1920 to 1934 using digitized articles from the Wall St Journal. We derive a monthly sentiment index and use a ten variable vector error correction model to identify sentiment shocks that are orthogonal to fundamentals. We show the timing...

Persistent link: https://www.econbiz.de/10014480452

Negative Reciprocity: The Coevolution of Memes and Genes

Friedman, Daniel; Singh, Nirvikar - 2003

A preference for negative reciprocity is an important part of the human emotional repertoire. We model its role in … sustaining cooperative behavior but highlight an intrinsic free-rider problem: the fitness benefits of negative reciprocity are … reciprocity is a meme consisting of a group norm together with low-powered (and low-cost) group enforcement of the norm. The main …

Persistent link: https://www.econbiz.de/10010322689

Hidden persuaders: Do small gifts lubricate business negotiations?

Maréchal, Michel André; Thöni, Christian - 2016

Gift-giving customs are ubiquitous in social, political, and business life. Legal regulation and industry guidelines for gifts are often based on the assumption that large gifts have the potential to influence behavior and create conflicts of interest, but small gifts do not. However, scientific...

Persistent link: https://www.econbiz.de/10011663186

The reciprocity in dynamic employment relationships

Fahn, Matthias - 2020

(which activate the norm of reciprocity) interact over the course of an employee's career. I show that firms can benefit from … its promises. Moreover, I demonstrate that more intense competition for workers can intensify the use of reciprocity …

Persistent link: https://www.econbiz.de/10012662694

Gains from Sharing: Sticky Norms, Endogenous Preferences, and the Economics of Shareable Goods

Fremstad, Anders - 2014

There are often "gains from sharing" underutilized goods with others. People routinely share tools, media, gear, electronics, toys, space, and vehicles with relatives, friends, and neighbors, and the internet is opening up new opportunities to share them with strangers. Drawing on the work of...

Persistent link: https://www.econbiz.de/10010457037

Rotten kids with bad intentions

Netzer, Nick; Schmutzler, Armin - 2010

player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity …

Persistent link: https://www.econbiz.de/10010315514

Communication & competition

Goeree, Jacob K.; Zhang, Jingjing - 2012

Charness and Dufwenberg (American Economic Review, June 2011, 1211-1237) have recently demonstrated that cheap-talk communication raises efficiency in bilateral contracting situations with adverse selection. We replicate their finding and check its robustness by introducing competition between...

Persistent link: https://www.econbiz.de/10010316885