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Persistent link: https://www.econbiz.de/10009571776
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned about fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful …
Persistent link: https://www.econbiz.de/10011398105
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10011398368
In this paper we show that a simple model of fairness preferences explains major experimental regularities of common …
Persistent link: https://www.econbiz.de/10011398786
conducted a real effort fairness experiment where people in two of the world's richest countries, Norway and Germany, interacted …
Persistent link: https://www.econbiz.de/10011377115
The question of whether lawyers and managers behave selfishly or fairly has inspired discussion for a long time. Empirical evidence, however, is sparse. Using data from an experiment with 359 law and business administration students, we investigate this question empirically and provide first...
Persistent link: https://www.econbiz.de/10011299882
with one another. We introduce a new single-valued solution concept, the component fairness solution. Our solution is … characterized by component efficiency and component fairness. The interpretation of component fairness is that deleting a link … the players in the component. Component fairness replaces the axiom of fairness characterizing the Myerson value, where …
Persistent link: https://www.econbiz.de/10011348360
Persistent link: https://www.econbiz.de/10011348385
We study fairness and reciprocity in a Hawk-Dove game. This alllows us to testvarious models in one framework. We …
Persistent link: https://www.econbiz.de/10011327528
Persistent link: https://www.econbiz.de/10009748679