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are informed about personal characteristics in the second game. Results show that guilt-averse women are significantly … negative externality. Interestingly, we find that women are not sensitive to the decision context, i.e., even when social …
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Economists praise the efficiency of the price mechanism in allocating scarce resources. Others, however, often reject it as unfair. In this study, we investigate the extent to which economists also differ from non-economists in how they value the fairness of the price system, and examine how...
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