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Fairness, Errors and the Power of Competition
Fischbacher, Urs; Fong, Christina M.; Fehr, Ernst - Institut für Volkswirtschaftslehre, …
One of the most basic questions in economics concerns the effects of competition on market prices. We show that the neglect of both fairness concerns and decision errors prevents a satisfactory understanding of how competition affects prices. We conducted experiments which demonstrate that the...
Persistent link: https://www.econbiz.de/10005463516
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Fair wages and effort provision : combining evidence from the lab and the field
Cohn, Alain; Fehr, Ernst; Götte, Lorenz - 2013
that only workers who display positive reciprocity in a lab experiment show reciprocal performance responses in the field …, while workers who lack positive reciprocity in the lab do not respond to the wage increase even if they feel underpaid at … interpret previous contradictory findings in the literature. -- Fairness Perception ; Positive Reciprocity ; Field Experiment …
Persistent link: https://www.econbiz.de/10009747325
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Is Strong Reciprocity a Maladaptation? On the Evolutionary Foundations of Human Altruism
Fehr, Ernst; Henrich, Joseph - 2003
In recent years a large number of experimental studies have documented the existence of strong reciprocity among humans …. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in … that ultimate theories of kin selection, reciprocal altruism, costly signalling and indirect reciprocity do not provide …
Persistent link: https://www.econbiz.de/10010262063
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Psychological Foundations of Incentives
Fehr, Ernst; Falk, Armin - 2002
During the last two decades economists have made much progress in understanding incentives, contracts and organisations. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose of this paper is to show that this narrow view of...
Persistent link: https://www.econbiz.de/10010262734
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When social forces remove the impact of competition: Social exchange in experimental labor markets
Fehr, Ernst; Kirchler, Erich; Weichbold, Andreas - 1995
Do competitive markets remove the impact of social norms and customs on market out-comes? Or are these social forces capable of exerting a persistent influence? Many economists seem to believe that social norms and customs have, if at all, only temporary effects in competitive markets. So far...
Persistent link: https://www.econbiz.de/10010291013
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Gift exchange and reciprocity in competitive experimental markets
Fehr, Ernst; Kirchsteiger, Georg; Riedl, Arno - 1995
experiments ruled out gift exchange or reciprocity motives, that is, subjects could not reciprocate for a gift. This paper reports … results indicate that reciprocity motives may indeed be capable of driving a competitive experimental market permanently away …
Persistent link: https://www.econbiz.de/10010291014
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Appropriating the commons : a theoretical explanation
Falk, Armin; Fehr, Ernst; Fischbacher, Urs - 2001
In this paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...
Persistent link: https://www.econbiz.de/10011398786
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Is strong reciprocity a maladaptation? : on the evolutionary foundations of human altruism
Fehr, Ernst; Henrich, Joseph - 2003
In recent years a large number of experimental studies have documented the existence of strong reciprocity among humans …. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in … that ultimate theories of kin selection, reciprocal altruism, costly signaling and indirect reciprocity do not provide …
Persistent link: https://www.econbiz.de/10011514175
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Psychological foundations of incentives
Fehr, Ernst; Falk, Armin - 2002
During the last two decades economists have made much progress in understanding incentives, contracts and organisations. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose of this paper is to show that this narrow view of...
Persistent link: https://www.econbiz.de/10011409795
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Psychological foundations of incentives
Fehr, Ernst; Falk, Armin - 2002
During the last two decades economists have made much progress in understanding incentives, contracts and organisations. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose of this paper is to show that this narrow view of...
Persistent link: https://www.econbiz.de/10011411627