We device a randomized experiment with task performance in which players directly decide allocation criteria (with/without) veil of ignorance on payoff distribution under different criteria in a stakeholder/spectator position. Our main result is a strong and significant gender effect: women...

We document that being spectators (no effect on personal payoffs) and, to a lesser extent, stakeholders without information on relative payoffs, induces subjects who can choose distribution criteria after task performance to prefer rewarding talent (vis à vis effort, chance or strict...

The increasing attention of profit maximising corporations to corporate social responsibility (CSR) is a new stylized fact of the contemporary economic environment. In our theoretical analysis we model CSR adoption as the optimal response of a profit maximising firm to the competition of a not...

We outline a model in which preservation of UNESCO heritage sites is analyzed as a classical global public good problem where the decentralized Nash equilibrium yields suboptimal contribution vis-à-vis the Social Planner equilibrium. The absence of a Global Social Planner and the need of...

This paper analyses the link between FDI inflows and migration waves from developing countries. In addition, it investigates mechanisms through which this link works. Empirical results indicate that FDI can be seen as substitutes of migration through direct and indirect labour demand. However,...

The signs of forecast errors can be predicted using the difference between individuals' forecasts and the average of earlier forecasts of the same variable. It is possible to improve forecasts without worsening any. It is difficult to reconcile this result with the rational expectations...

We document with a randomized experiment that being spectators and, to a lesser extent, stakeholders with veil of ignorance on relative payoffs, induces subjects who can choose distribution criteria to prefer rewarding talent (vis à vis effort, chance or strict egalitarianism) after...

We device a randomized experiment with task performance in which players directly decide allocation criteria (with/without) veil of ignorance on payoff distribution under different criteria in a stakeholder/spectator position. Our main result is a strong and significant gender effect: women...