Showing 1 - 10 of 184
The Coase theorem posits: If [1] property rights are perfect, [2] contracts are enforceable, [3] preferences are common …
Persistent link: https://www.econbiz.de/10011419376
Donors may often not be sure whether a recipient really deserves their help. Does this uncertainty deter generosity? In an experiment we find that, to the contrary, under most specifications of uncertainty, dictators give more, compared with the donation the same dictator makes to a recipient...
Persistent link: https://www.econbiz.de/10011419377
An increasing fraction of donations is channeled through donation intermediaries. These entities serve multiple purposes, one of which seems to be providing donors with greater certainty: that the donation reaches its intended goal, and that the donor may be sure to get a tax benefit. We...
Persistent link: https://www.econbiz.de/10011419381
Judges and juries frequently must decide, knowing that they do not know everything that would be relevant for deciding the case. The law uses two related institutions for enabling courts to nonetheless decide the case: the standard of proof, and the burden of proof. In this paper, we contrast a...
Persistent link: https://www.econbiz.de/10011419382
in the prisoner's dilemma with personality have not been successful. …
Persistent link: https://www.econbiz.de/10010323844
Originally, behavioral law and economics was an exercise in exploring the implications of key findings from behavioral economics (and psychology) for the analysis and reform of legal institutions. Yet as the new discipline matures, it increasingly replaces foreign evidence by fresh evidence,...
Persistent link: https://www.econbiz.de/10010323847
Punishees regularly ask for justification. But is justification also effective? To answer this question under controlled conditions, we have conducted a public goods experiment with central punishment. The authority is neutral - she does not benefit from contributions to the public good....
Persistent link: https://www.econbiz.de/10010323857
Antitrust authorities all over the world are concerned if a particularly aggressive competitor, a maverick, is bought out of the market. One plausible determinant of acting as a maverick is behavioral: the maverick derives utility from acting competitively. We test this conjecture in the lab. In...
Persistent link: https://www.econbiz.de/10010323861
. Using the Fehr/Schmidt model (QJE 1999) I define three alternative channels: (a) identical preferences are common knowledge …, but inequity is not pronounced enough to sustain cooperation; (b) heterogeneous preferences are common knowledge; (c …
Persistent link: https://www.econbiz.de/10010323867
Evidence from an experiment investigating the house money effect in the context of a public goods game is reconsidered. Analysis is performed within the framework of the panel hurdle model, in which subjects are assumed to be one of two types: free-riders, and potential contributors. The effect...
Persistent link: https://www.econbiz.de/10010323869