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Relational Contracts and the Nature of Market Interactions
Brown, Martin; Falk, Armin; Fehr, Ernst - 2003
We provide evidence that long-term relationships between trading parties emerge endogenously in the absence of third party enforcement of contracts and are associated with a fundamental change in the nature of market interactions. Without third party enforcement, the vast majority of trades are...
Persistent link: https://www.econbiz.de/10010261611
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Endogenous entry in contests
Morgan, John; Orzen, Henrik; Sefton, Martin - 2008
contest competition suggest that females should (a) not perform as well in the contest; and (b) enter at a lower rate. We find …
Persistent link: https://www.econbiz.de/10010277512
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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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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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Háztartási fogyasztói magatartás és jólét Magyarországon: Kísérlet egy modell adaptációjára
Cseres-Gergely, Zsombor; Molnár, György - 2008
The outcome of the economic performance of individuals is utilised in the form of consumption and consequent welfare. Despite this truism, there is relatively little information available on household consumption behaviour in Hungary stemming from investigations based on economic theory. The...
Persistent link: https://www.econbiz.de/10010494363
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Social Preferences and Competition
Schmidt, Klaus M. - 2009
(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …
Persistent link: https://www.econbiz.de/10010334117
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Social Preferences and Competition
Schmidt, Klaus M. - 2010
(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …
Persistent link: https://www.econbiz.de/10010427563
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Wettbewerb als Entdeckungsverfahren
Schmidtchen, Dieter; Kirstein, Roland - 2001
unmöglich, Aussagen über Wettbewerb empirisch zu testen. Unser Beitrag wendet sich gegen diese Ansicht. Wettbewerbsergebnisse … Beitrag beschreibt eine ?double-oral auction?, durchgeführt als Hörsaal-Experiment, und zeigt auf, daß Wettbewerb mit hoher …The theory of competition as a discovery procedure argues that the results of this procedure cannot be predicted …
Persistent link: https://www.econbiz.de/10010296959
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Playing 'Hard to Get': An Economic Rationale for Crowding Out of Intrinsically Motivated Behavior
Schnedler, Wendelin; Vanberg, Christoph - 2014
Anecdotal, empirical, and experimental evidence suggests that offering extrinsic rewards for certain activities can reduce people's willingness to engage in those activities voluntarily. We propose a simple rationale for this 'crowding out' phenomenon, using standard economic arguments. The...
Persistent link: https://www.econbiz.de/10010352283