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The economics of fairness, reciprocity and altruism : experimental evidence and new theories ; chapter written for the Handbook of reciprocity, gift-giving and altruism
Fehr, Ernst; Schmidt, Klaus M. - 2005 - This version: June 6, 2005
This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and …
Persistent link: https://www.econbiz.de/10010440439
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Fairness and the optimal allocation of ownership rights
Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2005 - This version: July 20, 2005
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...
Persistent link: https://www.econbiz.de/10010440440
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Fairness and the optimal allocation of ownership rights
Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2004 - This version: July 9, 2004
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that the subjects achieve the most efficient ownership allocation starting...
Persistent link: https://www.econbiz.de/10010365912
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The economics of fairness, reciprocity and altruism : experimental evidence and new theories ; chapter written for the Handbook of reciprocity, gift-giving and altruism
Fehr, Ernst; Schmidt, Klaus M. - 2005 - This version: June 6, 2005
Persistent link: https://www.econbiz.de/10010371081
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On Reputation: A Microfoundation of Contract Enforcement and Price Rigidity
Fehr, Ernst; Brown, Martin; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2008
We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences have been shown to enhance contract enforcement in these markets, while at the same time generating considerable wage and price rigidity. Reputation powerfully amplifies the...
Persistent link: https://www.econbiz.de/10005822329
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On Reputation: A Microfoundation of Contract Enforcement and Price Rigidity
Brown, Martin; Zehnder, Christian; Fehr, Ernst - Schweizerische Nationalbank (SNB) - 2008
We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences have been shown to enhance contract enforcement in these markets, while at the same time generating considerable wage and price rigidity. Reputation powerfully amplifies the...
Persistent link: https://www.econbiz.de/10008925002
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Do high stakes and competition undermine fair behaviour? Evidence from Russia
Fehr, Ernst; Tougareva, Elena; Fischbacher, Urs - In: Journal of Economic Behavior & Organization 108 (2014) C, pp. 354-363
This paper reports the results of a series of competitive labour market experiments in which subjects have the possibility to reciprocate favours. In the high stake condition subjects earned between two and three times their monthly income during the experiment. In the normal stake condition the...
Persistent link: https://www.econbiz.de/10011116859
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Fairness and the optimal allocation of ownership rights
Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2005
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...
Persistent link: https://www.econbiz.de/10010261192
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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