Showing 1 - 10 of 77
Persistent link: https://www.econbiz.de/10010513957
Persistent link: https://www.econbiz.de/10000863612
Persistent link: https://www.econbiz.de/10000865131
Persistent link: https://www.econbiz.de/10000875934
Persistent link: https://www.econbiz.de/10003647956
Persistent link: https://www.econbiz.de/10003372974
Bidding rules that guarantee procedural fairness may induce more equilibrium bidding and moderate other-regarding concerns. In our experiment, we assume commonly known true values and only two bidders to implement a best-case scenario for other-regarding concerns. The two-by-two factorial design...
Persistent link: https://www.econbiz.de/10008689003
Although one may hope to achieve equality of stated profits without enforcing it, one may not trust in such voluntary equality seeking and rather try to impose rules (of bidding) guaranteeing it. Our axiomatic approach is based on envy-free net trades according to bids which, together with the...
Persistent link: https://www.econbiz.de/10003944203
Persistent link: https://www.econbiz.de/10002596541
Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We present an axiomatic characterization of a class of bidding processes to spell out the underlying egalitarian values for collective projects of a "productive state". At heart of...
Persistent link: https://www.econbiz.de/10008990916