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guilt aversion and reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our …
Persistent link: https://www.econbiz.de/10010263175
reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our results are consistent …
Persistent link: https://www.econbiz.de/10010265677
We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...
Persistent link: https://www.econbiz.de/10011282463
player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity …
Persistent link: https://www.econbiz.de/10010315514
We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...
Persistent link: https://www.econbiz.de/10010316927
information on reciprocity types, implementability of an incentive-compatible social choice function is guaranteed if it satises … an additional insurance property. By contrast, precise information on reciprocity types may imply that all ecient social … agents have private information about their material payo types and their reciprocity types. We also provide a systematic …
Persistent link: https://www.econbiz.de/10011522109
This paper investigates the role of guilt aversion for corruption in public administration. Corruption is modeled as the outcome of a game played between a bureaucrat, a lobby, and the public. There is a moral cost of corruption for the bureaucrat, who is averse to letting the public down. We...
Persistent link: https://www.econbiz.de/10010294786
We study individuals who can choose how to compete with an opponent for one nonzero payoff. They can either nudge themselves into a fair set of rules where they have the same information and actions as their opponent, or into unfair rules where they spy, sabotage or fabricate their opponent's...
Persistent link: https://www.econbiz.de/10011341044
Do individuals prefer to compete fairly, or unfairly with an opponent? We study individuals who can choose how to compete for one ex-post nonzero payoff. They can either nudge themselves into a fair set of rules where they have the same information and actions as their opponent, or into unfair...
Persistent link: https://www.econbiz.de/10011419476
Games that appear to be independent, involving none of the same players, may be related by emotions of reciprocity … Kirchsteiger's model of sequential reciprocity (Games Econ Behav 47(2):268-298, 2004) to groups of individuals and define a new … 'sequential group reciprocity equilibrium' for which we prove its existence. We study the case of two games with two players in …
Persistent link: https://www.econbiz.de/10011994324