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An important element for the public support of policies is their perceived justice. At the same time most policy … choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when … their own risk preferences. The observed allocations are consistent with four different views of justice under uncertainty. …
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control sessions, incentives are formulated as a classic gain contract, while in treatment sessions, incentives are framed as … an isomorphic loss contract. Our results show that loss contracts reduce the minimum efforts of groups and worsen …
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Under common law, the standard remedy for breach of contract is expectation damages. Under continental law, the …
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This paper experimentally explores group decision-making in a two-player power-to-take game. Discussions preceding group decisions are video taped and analyzed. Each subject first earns an income in an individual effort task preceding the game. The game consists of two stages. First, one group...
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obligations. We present evidence from a laboratory tax experiment suggesting that the effects of complexity on compliance are …
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experiment, we let third parties redistribute resources between two stakeholders who could earn money either by choosing a safe …
Persistent link: https://www.econbiz.de/10011704184