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Social welfare versus inequality concerns in an incomplete contract experiment

Faravelli, Marco; Kirchkamp, Oliver; Rainer, Helmut - 2010

We study a situation where two players first choose a sharing rule, then invest into a joint production process, and then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even the materially disadvantaged player cares more for...

Persistent link: https://www.econbiz.de/10010266106

Social welfare versus inequality aversion in an incomplete contract experiment

Faravelli, Marco; Kirchkamp, Oliver; Rainer, Helmut - 2009

on average players' investments are larger than equilibrium investments. In contrast to social dilemma experiments, in …

Persistent link: https://www.econbiz.de/10010332982

Back to Bismarck? Shifting preferences for intragenerational redistribution in OECD pension systems

Krieger, Tim; Traub, Stefan - 2008

Using a sample of 20 OECD countries it is shown that the majority of countries decreased the level of intragenerational redistribution in the first pillar of their pension systems, though the evidence is weak in statistical terms. We find strong correlations between changes of the so-called...

Persistent link: https://www.econbiz.de/10010335599

Social preferences and public economics: Mechanism design when social preferences depend on incentives

Bowles, Samuel; Hwang, Sung-Ha - 2007

Social preferences such as altruism, reciprocity, intrinsic motivation and a desire to uphold ethical norms are essential to good government, often facilitating socially desirable allocations that would be unattainable by incentives that appeal solely to self-interest. But experimental and other...

Persistent link: https://www.econbiz.de/10010287796

Social preferences and public economics: Mechanism design when social preferences depend on incentives

Bowles, Samuel; Hwang, Sung-Ha - 2008

Persistent link: https://www.econbiz.de/10010287863

Gift exchange and workers' fairness concerns: When equality is unfair

Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - 2009

We study how different payment modes inuence the effectiveness of gift exchange as a contract enforcement device. In particular, we analyze how horizontal fairness concerns affect performance and efficiency in an environment characterized by contractual incompleteness. In our experiment, one...

Persistent link: https://www.econbiz.de/10010277484

Experimental labor markets and policy considerations: Incomplete contracts and macroeconomic aspects

Casoria, Fortuna; Riedl, Arno - 2012

This survey focuses on experimental labor markets investigating two aspects that deem us important for a better understanding of labor market relations and the consequences for labor market policies. The first part of the survey is dedicated to papers that assess the prevalence of reciprocal...

Persistent link: https://www.econbiz.de/10010291344

Coordination in Networks Formation: Experimental Evidence on Learning and Salience

Galizzi, Matteo; Bernasconi, Michele - 2005

We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat … coordination problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics …. Contrary to previous experiments, we find that coordination on non-empty Strict Nash equilibria is not an easy task for …

Persistent link: https://www.econbiz.de/10010312592

Communication in asymmetric group competition over public goods

Zhang, Jingjing - 2012

This paper examines whether and how cheap talk communication can facilitate within-group coordination when two unequal sized groups compete for a prize that is shared equally among members of the winning group, regardless of their (costly) contributions to the group's success. We find that...

Persistent link: https://www.econbiz.de/10010316824

Maintaining efficiency while integrating entrants from lower-performing environments: An experimental study

Salmon, Timothy C.; Weber, Roberto A. - 2011

Efficient growth often requires the integration of individuals from lower-performing groups, firms, or societies into higher-performing ones. Such integration may be difficult without facilitating interventions or restrictions. We explore, using a laboratory experiment, the effectiveness of two...

Persistent link: https://www.econbiz.de/10010316829