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The Role of Equality and Efficiency in Social Preferences
Fehr, Ernst; Naef, Michael; Schmidt, Klaus M. - 2004
Engelmann and Strobel (AER 2004) claim that a combination of efficiency seeking and minmax preferences dominates inequity aversion in simple dictator games. This result relies on a strong subject pool effect. The participants of their experiments were undergraduate students of economics and...
Persistent link: https://www.econbiz.de/10010334011
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Driving forces behind informal sanctions
Falk, Armin; Fehr, Ernst; Fischbacher, Urs - 2005
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted towards the defectors but the latter also impose a...
Persistent link: https://www.econbiz.de/10010267590
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The behavioral effects of minimum wages
Falk, Armin; Fehr, Ernst; Zehnder, Christian - 2005
The prevailing labor market models assume that minimum wages do not affect the labor supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects' reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10010267687
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The Missing Type: Where Are the Inequality Averse (Students)?
Epper, Thomas; Senn, Julien; Fehr, Ernst - 2024
fundamentally differs from the students' distribution. In the general population, three types emerge: an inequality averse, an … absence of an inequality averse type in the student population is particularly striking considering the fact that this type …
Persistent link: https://www.econbiz.de/10014534048
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The Missing Type: Where Are the Inequality Averse (Students)?
Epper, Thomas; Senn, Julien; Fehr, Ernst - 2024
differs from the students' distribution. In the general population, three types emerge: an inequality averse, an altruistic … of an inequality averse type in the student population is particularly striking considering the fact that this type …
Persistent link: https://www.econbiz.de/10014534420
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Does market interaction erode moral values?
Bartling, Björn; Fehr, Ernst; Özdemir, Yagiz - 2020
The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market interaction, as a side effect, erodes moral values. An encompassing understanding of the virtues and vices of markets, including their possible impact on moral values, is necessary...
Persistent link: https://www.econbiz.de/10012284782
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Does Market Interaction Erode Moral Values?
Bartling, Björn; Fehr, Ernst; Özdemir, Yagiz - 2020
The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market interaction, as a side effect, erodes moral values. An encompassing understanding of the virtues and vices of markets, including their possible impact on moral values, is necessary...
Persistent link: https://www.econbiz.de/10012314833
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The missing type: Where are the inequality averse (students)?
Epper, Thomas; Senn, Julien; Fehr, Ernst - 2023
differs from the students' distribution. In the general population, three types emerge: an inequality averse, an altruistic … of an inequality averse type in the student population is particularly striking considering the fact that this type …
Persistent link: https://www.econbiz.de/10014333770
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The fundamental properties, stability and predictive power of distributional preferences
Fehr, Ernst; Epper, Thomas; Senn, Julien - 2023
-an inequality averse, an altruistic and a predominantly selfish type-capture the essence of behavioral heterogeneity. These types …
Persistent link: https://www.econbiz.de/10014417651
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Social preferences across subject pools: Students vs. general population
Epper, Thomas; Senn, Julien; Fehr, Ernst - 2024
preferences fundamentally differs from the students' distribution. In the general population, three types emerge: an inequality … other-regardingness radically reduces the share of inequality aversion among students. Differences in income, however, do … similar conclusion: students are far less inequality averse than the general population. These findings are important in view …
Persistent link: https://www.econbiz.de/10014468191