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Inequality aversion and externalities
Gürtler, Marc; Gürtler, Oliver - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 111-117
, we examine the direction of the effects. Whereas indirect effects induce players to internalize externalities they impose …
Persistent link: https://www.econbiz.de/10011048142
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Controlling externalities in the presence of rent seeking
MacKenzie, Ian A. - CER-ETH Center of Economic Research, Department of … - 2009
investigate the incentives to expend effort for a prize that produces consumption externalities and consider alternative … regulatory policies. We find relatively more global consumption externalities will increase (decrease) rent seeking when con …- sumption externalities are negative (positive). We show how introducing Pigouvian taxation (possibly with revenue transfer) and …
Persistent link: https://www.econbiz.de/10005101128
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Institution Formation and Cooperation with Heterogeneous Agents
Kube, Sebastian; Schaube, Sebastian; … - Institute for the Study of Labor (IZA) - 2014
Driven by an ever-growing number of studies that explore the effectiveness of institutional mechanisms meant to mitigate cooperation problems, recent years have seen an increasing interest in the endogenous implementation of these institutions. In this paper, we test within a unified framework...
Persistent link: https://www.econbiz.de/10010959561
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Equal distribution or equal payoffs? Reciprocity and inequality aversion in the investment game
Rodriguez-lara, Ismael - Volkswirtschaftliche Fakultät, … - 2015
We report experimental evidence on second-movers' behavior in the investment game (also known as the trust game) when there exists endowment heterogeneity. Using a within-subject analysis, we investigate whether second-movers have a tendency to be reciprocal (i.e., they return to first movers at...
Persistent link: https://www.econbiz.de/10011212781
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Implications of inequality aversion for international climate policy
Vogt, Carsten; Sturm, Bodo - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
In this paper, we extend the Fehr and Schmidt model of inequality aversion to a situation where the players differ with respect to their benefits and costs from contributions to a non-linear public good. A necessary condition for contributing to the public good is that the players' benefit...
Persistent link: https://www.econbiz.de/10009283657
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Screening Experts' Distributional Preferences
Erharter, Dominik - Institut für Finanzwissenschaft, Fakultät für … - 2013
We study optimal direct mechanisms for a credence goods expert who can be altruistic or spiteful. The expert has private information about her distributional preferences and possibly also about her customer's needs. We introduce a method that allows the customer to offer separate contracts to...
Persistent link: https://www.econbiz.de/10010839599
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Fairness and Accountability: Testing Models of Social Norms in Unequal
Visser, Martine - Southern Africa Labour and Development Research Unit … - 2013
We examine behavioural models involved in the provision of public goods when income inequality exists within groups. Our sample consists of individuals from urban and rural South African fishing communities. We find that behaviour observed in unequal groups does not accord with models of...
Persistent link: https://www.econbiz.de/10010754432
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Bargaining outside the Lab - A newspaper experiment of a three person-ultimatum game
Guth, Werner; Schmidt, Carsten - The Field Experiments Website - 2002
In November 2001, 5,558 readers of the German weekly Die Zeit participated in a three-person ultimatum experiment involving a proposer X, a responder Y, and a dummy Z (Guth and van Damme, 1998). A proposal is a vector (x,y,z) with x + y + z = DM 1,200, and x in {0, 200, 400, 600, 800, 1000}, and...
Persistent link: https://www.econbiz.de/10005490032
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Racial differences in inequality aversion: Evidence from real world respondents in the ultimatum game
Griffin, John; Nickerson, David; Wozniak, Abigail - In: Journal of Economic Behavior & Organization 84 (2012) 2, pp. 600-617
The distinct historical and cultural experiences of American blacks and whites may influence whether members of these groups perceive a particular exchange as fair. We investigate racial differences in fairness standards using preferences for equal treatment in the ultimatum game. We focus on...
Persistent link: https://www.econbiz.de/10010594596
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Racial Differences in Inequality Aversion: Evidence from Real World Respondents in the Ultimatum Game
Griffin, John; Nickerson, David; Wozniak, Abigail - Institute for the Study of Labor (IZA) - 2011
The distinct historical and cultural experiences of American blacks and whites may influence whether members of those groups perceive a particular exchange as fair. We investigate racial differences in fairness standards using preferences for equal treatment in the ultimatum game, where...
Persistent link: https://www.econbiz.de/10008868120