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, which we denote "social curiosity." Our analysis is within the context of the inequality aversion model of Fehr and Schmidt … (1999). Using data from laboratory experiments with sequential public goods games, we estimate social preferences at the …
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This paper considers the problem faced by a political authority that has to design a legislative mechanism that guarantees the selection of policies that are stable, efficient, and inclusive in the sense of strategically protecting minority interests. Experimental studies suggest that some of...
Persistent link: https://www.econbiz.de/10012850001
Intentions play a fundamental role in many situations characterized by nonsimultaneous interaction from principal-agent settings in firms to the international task of protecting the environment and the climate. We experimentally investigate how decision makers (DMs) respond to perceived...
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behavior. The main result is that while average contribution in these treatments is below the benchmark it nonetheless stays … the endowment and are only 25% below those in the benchmark level. This suggests that utility interdependence is not the …
Persistent link: https://www.econbiz.de/10012770507
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10013321364
room for the second mover when deciding on a reciprocating action. We employ a controlled experiment to investigate how …
Persistent link: https://www.econbiz.de/10013338073