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Persistent link: https://www.econbiz.de/10010188991
We extend the results of Bartling and Fischbacher (Rev. Econ. Stud. 79(1):67–87, <CitationRef CitationID="CR1">2012</CitationRef>) by showing that, by delegating to an intermediary, a dictator facing an allocation decision can effectively shift blame onto the delegee even when doing so necessarily eliminates the possibility of a fair...</citationref>
Persistent link: https://www.econbiz.de/10010988979
We document a lower bound for thecontrol premium: agents' willingness to pay to control their own payoff. Participants choose between an asset that will pay only if they later answer a particular quiz question correctly and one that pays only if their partner answers a different question...
Persistent link: https://www.econbiz.de/10010678028