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We examine, experimentally and theoretically, how communication within a partnership may mitigate the problem (highlighted in contract theory) of hidden action. What is the form and content of the communication? Which model of decision-making can capture the impact of communication? We consider...
Persistent link: https://www.econbiz.de/10005645507
usually have incomplete information about fairness norms held by the other party - fairness norms that affect the other party …'s willingness to pay (WTP) or willingness to accept (WTA). Importantly, these fairness norms may depend on how strongly the … participants can be divided into three groups corresponding to three different fairness norms: negative types whose WTP and WTA are …
Persistent link: https://www.econbiz.de/10011633871
In 'Delivering Justice: Programme of Action to Strengthen the Rule of Law at the National and International Levels', the Secretary-General of the United Nations, argued that the rule of law involves more than the state and its institutions: it “is at the heart of the social contract between...
Persistent link: https://www.econbiz.de/10013085608
usually have incomplete information about fairness norms held by the other party - fairness norms that affect the other party …'s willingness to pay (WTP) or willingness to accept (WTA). Importantly, these fairness norms may depend on how strongly the … participants can be divided into three groups corresponding to three different fairness norms: negative types whose WTP and WTA are …
Persistent link: https://www.econbiz.de/10011662178
employee's reciprocity requires a clear assessment of the surplus at stake. …
Persistent link: https://www.econbiz.de/10010365848
that employee's reciprocity requires a clear assessment of the surplus at stake. …
Persistent link: https://www.econbiz.de/10010343961
Reciprocity is one of the main basic social relations that constitute societies. It consists of being favourable to … rationales: (1) balance (comparison, matching), often related to equality and fairness, or to the desire to avoid moral … fact proper reciprocity). Reciprocity extends to important cases of aids inducing aids that are not strictly reciprocal. It …
Persistent link: https://www.econbiz.de/10014023677
In a bribery experiment, we test the hypothesis that distributive fairness considerations make relatively well …
Persistent link: https://www.econbiz.de/10011538846
In this paper we show that a simple model of fairness preferences explains major experimental regularities of common …
Persistent link: https://www.econbiz.de/10011398786
behave reciprocally, but the degree of reciprocity is higher for lawyers. Surprisingly, it is not university education that …
Persistent link: https://www.econbiz.de/10011299882