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The Economics of Fairness, Reciprocity and Altruism -€“ Experimental Evidence and New Theories
Fehr, Ernst; Schmidt, Klaus M. - 2005
Chapter written for the Handbook of Reciprocity, Gift-Giving and Altruism
Persistent link: https://www.econbiz.de/10010334040
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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 …
Persistent link: https://www.econbiz.de/10010262734
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A behavioral account of the labor market: the role of fairness concerns
Fehr, Ernst; Goette, Lorenz; Zehnder, Christian - 2008
incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns …
Persistent link: https://www.econbiz.de/10010269083
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Contracts as reference points: experimental evidence
Fehr, Ernst; Hart, Oliver; Zehnder, Christian - 2008
In a recent paper, Hart and Moore (2008) introduce new behavioral assumptions that can explain long term contracts and … and, in particular, Hart and Moore's notion that contracts provide reference points. In this paper, we examine … tradeoff between rigidity and flexibility in a trading environment with incomplete contracts and ex ante uncertainty about the …
Persistent link: https://www.econbiz.de/10010269323
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Theories of Fairness and Reciprocity. Evidence and Economic Applications
Fehr, Ernst; Schmidt, Klaus M. - 2001
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10010427343
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The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories
Fehr, Ernst; Schmidt, Klaus M. - 2005
This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior.
Persistent link: https://www.econbiz.de/10010427418
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Theories of Fairness and Reciprocity - Evidence and Economic Applications
Fehr, Ernst; Schmidt, Klaus - 2000
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10010315242
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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 …
Persistent link: https://www.econbiz.de/10010315339
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How do informal agreements and renegotiation shape contractual reference points?
Fehr, Ernst; Hart, Oliver; Zehnder, Christian - 2011
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...
Persistent link: https://www.econbiz.de/10010282296
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Theories of fairness and reciprocity : evidence and economic applications
Fehr, Ernst; Schmidt, Klaus M. - 2000
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10011397676