Showing 1 - 10 of 17
This article shows that it may be socially optimal to grant accident victims less than full compensation. In our framework, firms are liable under product liability but also invest in care to prevent consumers switching to competitors. Affecting the partition of consumers by means of care-taking...
Persistent link: https://www.econbiz.de/10003917064
This article shows that it may be socially optimal to grant accident victims less than full compensation. In our framework, firms are liable under product liability but also invest in care to prevent consumers switching to competitors. Affecting the partition of consumers by means of care-taking...
Persistent link: https://www.econbiz.de/10003923894
This paper investigates the influence of the political regime on the relative importance of conspicuous consumption. We use the separation of Germany into the communist GDR and the democratic FRG and its reunification in 1990 as a natural experiment. Relying on household data that are...
Persistent link: https://www.econbiz.de/10009621765
This paper shows that households with positional concerns and convex status utility use gambling to attempt leapfrogging in the social hierarchy. We test this theoretical prediction relying on household data that is representative for Germany, proxying the status orientation of households by...
Persistent link: https://www.econbiz.de/10010240591
Persistent link: https://www.econbiz.de/10011436396
Persistent link: https://www.econbiz.de/10010423034
Unfair intentions provoke negative reciprocity from others, making their concealment potentially beneficial. This paper explores whether people hide their unfair intentions from others and how hiding intentions is itself perceived in fairness terms. Our experimental data show a high frequency of...
Persistent link: https://www.econbiz.de/10010483596
Persistent link: https://www.econbiz.de/10012605743
This paper investigates the influence of the political regime on the relative importance of conspicuous consumption. We use the separation of Germany into the communist GDR and the democratic FRG and its reunification in 1990 as a natural experiment. Relying on household data that are...
Persistent link: https://www.econbiz.de/10009633841
Persistent link: https://www.econbiz.de/10012500622