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usually have incomplete information about fairness norms held by the other party - fairness norms that affect the other party …'s willingness to pay (WTP) or willingness to accept (WTA). Importantly, these fairness norms may depend on how strongly the … participants can be divided into three groups corresponding to three different fairness norms: negative types whose WTP and WTA are …
Persistent link: https://www.econbiz.de/10011633871
employee's reciprocity requires a clear assessment of the surplus at stake. …
Persistent link: https://www.econbiz.de/10010365848
that employee's reciprocity requires a clear assessment of the surplus at stake. …
Persistent link: https://www.econbiz.de/10010343961
In a bribery experiment, we test the hypothesis that distributive fairness considerations make relatively well …
Persistent link: https://www.econbiz.de/10011538846
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
Most people tend to equate success with merit, a tendency that is particularly pronounced among conservatives. However, in practice it is exceedingly difficult to discern the relative impact of luck and effort to economic success. Based on a large-scale online study that samples the general US...
Persistent link: https://www.econbiz.de/10012309823
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …
Persistent link: https://www.econbiz.de/10011398368
This paper provides an argument for the advantage of a preference for identity-consistent behaviour from an evolutionary point of view. Within a stylised model of social interaction, we show that the development of cooperative social norms is greatly facilitated if the agents of the society...
Persistent link: https://www.econbiz.de/10010366516
Unfair intentions provoke negative reciprocity from others, making their concealment potentially beneficial. This paper … explores whether people hide their unfair intentions from others and how hiding intentions is itself perceived in fairness … successful against the higher expected punishment when cover up is unsuccessful. In an attempt to better understand fairness …
Persistent link: https://www.econbiz.de/10010483596
Using the concept of Inequity Aversion we derive in a Moral Hazard setting several results which differ from conventional contract theory. Our three key insights are: First, inequity aversion plays a crucial role in the design of optimal contracts. Second, there is a strong tendency towards...
Persistent link: https://www.econbiz.de/10011514018