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Public choice theory has originally been motivated by the need to correct the asymmetry, widespread in traditional welfare economics, between the motivational assumptions of market participants and policymakers: Those who played the game of politics should also be considered rational and...
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We conduct an experiment where subjects are matched in groups of three and vote on a moral transgression. Analyzing … different voting rules, the frequency of votes for the moral transgression increases with the number of votes required for it … us to identify guilt sharing and preferences for consensual voting as empirically relevant and independent drivers of …
Persistent link: https://www.econbiz.de/10012234507
We conduct an experiment where subjects are matched in groups of three and vote on a moral transgression. Analyzing … different voting rules, the frequency of votes for the moral transgression increases with the number of votes required for it … us to identify guilt sharing and preferences for consensual voting as empirically relevant and independent drivers of …
Persistent link: https://www.econbiz.de/10012239268
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-dependent preferences. -- Repeated markets ; Economic principles ; Anomalies ; Experiment ; Social interactions …
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