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We explore experimentally how power asymmetries between partners affect relationship-specific investments. We find that on average players' investments are larger than equilibrium investments. In contrast to social dilemma experiments, in our experiment preferences for social welfare and those...
Persistent link: https://www.econbiz.de/10003809931
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/10003937075
process effect ; procedural fairness ; legitimacy …
Persistent link: https://www.econbiz.de/10009356757
appointment procedures. We elicit participants' preferences and fairness evaluations over both procedures and study whether …'s fairness evaluations. In contrast, we show that procedural satisfaction matters. Surprisingly, responders whose procedural … ; fair process effect ; frustration effect ; procedural fairness ; procedural preferences ; resistance ; threshold public …
Persistent link: https://www.econbiz.de/10009373722
, inducing them to resist entering into employment contracts. This resistance to employment contracts vanishes if fairness …
Persistent link: https://www.econbiz.de/10009720579
, inducing them to resist entering into employment contracts. This resistance to employment contracts vanishes if fairness …
Persistent link: https://www.econbiz.de/10009685891
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/10013316263
, inducing them to resist entering into employment contracts. This resistance to employment contracts vanishes if fairness …
Persistent link: https://www.econbiz.de/10011210890
, inducing them to resist entering into employment contracts. This resistance to employment contracts vanishes if fairness …
Persistent link: https://www.econbiz.de/10010604419
We study how participation in decision processes shapes people's behavior towards impartial authorities. In an incentivized laboratory experiment, an impartial decision maker at first decides about the allocation of money between two subordinates. Treatments differ in the opportunity for one...
Persistent link: https://www.econbiz.de/10010740227