There is now overwhelming experimental evidence that individuals systematically violate the axioms of Expected Utility theory. In reality, however, many economic decisions are taken by, or on behalf of, groups whose members have a joint stake in those decisions. This paper reports on an...

This paper reports on an experiment designed to test whether pairs of individuals are able to exploit ex ante efficiency gains in the sharing of a risky financial prospect. Observations from a previous experiment had suggested a general rejection of efficiency in favour of ex post equality. The...

This paper presents an Arrow-type result which can be simply demonstrated to hold within the standard domain of welfare economics: in the m×n Edgeworth box, a best allocation must assign all goods to a single individual.

This paper offers a critical analysis, including insights from the fledgling sub-discipline of neurosociology, with the aim of challenging some of the key assumptions informing the state supported revival of the UK private rented sector (PRS) as a mainstream form of housing tenure. As is widely...

This article provides an account of the experience of highly casualized forms of work within the UK Direct Selling industry (double glazing, fitted kitchens etc.). The employment relationship in this industry has long been associated with no fixed hours of work, predominantly commission only...

We construct two variants of a three-player one-shot corruption game, one in which reporting on bribers is cumbersome and one in which it is rewarded (profitable). Both variants feature a briber who can bribe or not, an official who can reciprocate or not and an inspector who can inspect or not....