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Environments with semi-ordered preferences, which may exhibit indifference intransitivity, are known to allow just-noticeable differences in preference intensity to serve as interpersonally comparable units of utility. I prove two impossibility theorems for social choice in such environments....
Persistent link: https://www.econbiz.de/10013322549
This paper investigates - in a large heterogeneous sample - the relationship between social preferences on the one hand, and socioeconomic factors and political preferences on the other hand. Socioeconomic factors correlate with social preferences, and social preferences robustly shape political...
Persistent link: https://www.econbiz.de/10011714571
We run a laboratory experiment where some participants are selected to make investment decisions on behalf of others. We test whether a democratic context influences the social preferences of decision makers in terms of efficiency, altruism and concern for inequality. We find that decision...
Persistent link: https://www.econbiz.de/10011753528
We assess the extent of preferences for employment in a collective wage bargaining situation with heterogeneous workers. We vary the size of the union and introduce a treatment mechanism transforming the voting game into an individual allocation task. Our results show that highly productive...
Persistent link: https://www.econbiz.de/10009656202
We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance motives, and social concerns relating to inequality and efficiency. Our choice environments feature large groups of subjects and real world framing, and differ with respect to...
Persistent link: https://www.econbiz.de/10009781859
We examine preferences for redistribution inherent in Swedish tax policy 1971-2012 using the inverse optimal tax approach. The income distribution is carefully characterized with the help of administrative register data and we employ behavioral elasticities reflecting the perceived distortionary...
Persistent link: https://www.econbiz.de/10011559969
We examine preferences for redistribution inherent in Swedish tax policy 1971-2012 using the inverse optimal tax approach. The income distribution is carefully characterized with the help of administrative register data and we employ behavioral elasticities reflecting the perceived distortionary...
Persistent link: https://www.econbiz.de/10011566489
This paper tracks economists' rising, yet elusive and unstable interest in collective decision mechanism after World War II. We replace their examination of voting procedures and social welfare functions in the 1940s and 1950s in the context of their growing involvement with policy-making....
Persistent link: https://www.econbiz.de/10012990805
People's desire for fair transactions can play an important role in negotiations, organizations, and markets. In this paper, we show that markets can also shape what people consider to be a fair transaction. We propose a simple and generally-applicable model of path-dependent fairness...
Persistent link: https://www.econbiz.de/10009774351
In this paper, we first replicated Harrison et al. (2012). Then, we studied if the group's size has an impact on group's risk aversion. In line with Harrison et al. (2012), our results confirm that no significant differences occur between individuals and groups risk aversion in three-person...
Persistent link: https://www.econbiz.de/10011556606