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We expand upon the previous models of inequity aversion of Fehr and Schmidt [1], and Frohlich et al. [2], which assume that dictators get disutility if the final allocation of surplus deviates from the equal split (egalitarian principle) or from the subjects' production (libertarian principle)....
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in a large panel data set. The evidence shows that capital account policies are contemporaneously correlated across … correlated with the imposition of capital account restrictions. -- Capital Controls ; Strategic Interaction ; Panel Data Analysis …
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. -- Distributive Justice ; inequality ; laboratory experiments …
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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/10010331048
public good is pure, any given, positive level of income inequality can be shown to be socially excessive by suitably … 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/10010269097
discuss why inequality is indeed a collective risk, leading to a social dilemma as known from game theory. The first section …In the aftermath of the financial crisis, attention concerning inequality as a risk factor has risen. Nevertheless … studies, focusing on the implications of inequality as a collective risk, remain seldom. Therefore the following paper will …
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