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We refine the understanding of individual preferences across social lotteries, whereby the payoffs of a pair of subjects are exposed to random shocks. We find that aggregate behavior is ex-post and ex-ante inequality averse, but also that there is a wide variety of individual preferences and...
Persistent link: https://www.econbiz.de/10011476573
We provide experimental evidence on the emergence of redistributive societies. Individuals first vote on redistribution … the time when they choose a distribution rule and find that there is more redistribution behind a veil of ignorance than … under full information. However, the scope of redistribution is less sensitive towards the degree of uncertainty than …
Persistent link: https://www.econbiz.de/10010192077
find that there is more redistribution behind a veil of ignorance than in the glare of full information. However, the scope … of redistribution is less sensitive to the degree of uncertainty than predicted by a model of selfish and rational … expected utility maximizers. For all degrees of uncertainty, we find a coexistence of libertarianism and redistribution as well …
Persistent link: https://www.econbiz.de/10014157522
We provide experimental evidence on the emergence of redistributive societies. Individuals first vote on redistribution … the time when they choose a distribution rule and find that there is more redistribution behind a veil of ignorance than … under full information. However, the scope of redistribution is less sensitive towards the degree of uncertainty than …
Persistent link: https://www.econbiz.de/10013074399
resulting inequality is perceived differently and how this affects redistribution. Across treatments, we compare a spectator …'s redistribution of two workers' earnings. If workers do not compete in a zero-sum setting, average redistribution decreases. In a … of redistribution and are more likely to be Democrats. …
Persistent link: https://www.econbiz.de/10013175708
We present two experiments designed to investigate whether individuals' notions of distributive justice are associated with their relative (within-society) economic status. Each participant played a specially designed four-person dictator game under one of two treatments, under one initial...
Persistent link: https://www.econbiz.de/10009348765
Starting from Schelling (1960), several game theorists have conjectured that payoff equity might facilitate coordination in normal-form games with multiple equilibria - the more equitable equilibrium might be selected either because fairness makes it focal or because many individuals dislike...
Persistent link: https://www.econbiz.de/10010224794
Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments claiming that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is more important than inequity aversion. We show that these results...
Persistent link: https://www.econbiz.de/10010440438
comparison of two treatments with and without the ex post redistribution stage in which both players may voluntarily transfer …
Persistent link: https://www.econbiz.de/10011617904
redistribution from the rich to the poor will improve social welfare, regardless of how small inequality is in the status quo …
Persistent link: https://www.econbiz.de/10012756257