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Social preferences under risk : minimizing collective risk vs. reducing ex-post inequality
Gaudeul, Alexia - 2016
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
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Oligopoly as a socially embedded dilemma: An experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is (are)...
Persistent link: https://www.econbiz.de/10010281843
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Oligopoly as a socially embedded dilemma : an experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …
Persistent link: https://www.econbiz.de/10008822475
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Justice under uncertainty
Cettolin, Elena; Riedl, Arno - 2013
choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when …
Persistent link: https://www.econbiz.de/10009766681
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Does payoff equity facilitate coordination? : a test of Schelling's conjecture
López-Pérez, Raúl; Pintér, Ágnes; Kiss, Hubert J. - 2013
fairness makes it focal or because many individuals dislike payoff inequities, as abundant experimental evidence suggests. In …
Persistent link: https://www.econbiz.de/10010224794
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Justice under Uncertainty
Cettolin, Elena - 2016
experimentally explore just allocations of resources when recipients are exposed to certainty or uncertainty. In the experiment …
Persistent link: https://www.econbiz.de/10013006995
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The fairness of inequality due to risk and effort choices
Sterba, Maj-Britt - 2022
. The fairness people assign to inequalities due to effort and external circumstances is widely studied. Insights on the … fairness of inequalities due to self-chosen effort and self-chosen risk, however, are lacking. I study a novel experimental … inequality is mostly seen as fair, around 10% of third-party redistribution decisions are in line with a fairness norm that only …
Persistent link: https://www.econbiz.de/10013252893
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Justice Under Uncertainty
Cettolin, Elena; Riedl, Arno - 2021
choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when …
Persistent link: https://www.econbiz.de/10013315740
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The ethics of intergenerational risk
Piacquadio, Paolo G. - 2015 - This version August 7, 2015
The paper reexamines the ethics of intergenerational risk. When risk re-solves gradually, earlier decisions cannot depend on the realization of later shocks and, consequently, some inequalities across generations are inevitable. To account for these inequalities, risky intergenerational...
Persistent link: https://www.econbiz.de/10011333646
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Fair intergenerational utilitarianism : risk, its resolution over time, and discounting
Piacquadio, Paolo Giovanni - 2014
The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10010467848