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We discuss sincere voting when voters have cardinal preferences over alter- natives. We interpret sincerity as opposed to strategic voting, and thus define sincerity as the optimal behaviour when conditions to vote strategically vanish. When voting mechanisms allow for only one message type we...
Persistent link: https://www.econbiz.de/10005582620
According to many observers, the world is currently getting riskier along many of its dimensions. In this paper we analyse how the welfare state, i.e., social insurance that works through redistributive taxation, should deal with this trend. We distinguish between risks that can be insured by...
Persistent link: https://www.econbiz.de/10005766063
The strategic commitment moves that game theory predicts players make may sometimes seem counter-intuitive. We therefore conducted an experiment to see if people make the predicted strategic move. The experiment uses a simple bargaining situation. A player can make a strategic move of committing...
Persistent link: https://www.econbiz.de/10005749599
The goal of this paper is to draw some lessons for economic theory from research in psychology, social psychology and, more briefly, in biology, which purports to explain the «formation» of social preferences. We elicit the basic mechanisms whereby a variety of social preferences are...
Persistent link: https://www.econbiz.de/10005797807
In this paper we focus on the connection between perception of the competitive pressure situation (unemployment, uncertainty, rising income and wealth inequalities, decreasing mobility) and demand for redistribution. Our context is Hungary, between 2000 and 2002. We identify some basic variables...
Persistent link: https://www.econbiz.de/10005448697
We consider a framework in which each individual has his/her own concept of fairness and a social planner chooses an allocation that everyone feels fair. We say that an allocation is subjectively envy-free if no one envies the well-being of others under the allocation. We show that the...
Persistent link: https://www.econbiz.de/10005704729
The aim of this paper is to provide a detailed analysis of the process of segregation formation. The claim is that segregation does not originate from prejudice or exogenous psychological factors. Rather it is the product of strategic interactions among social groups in a setting where one group...
Persistent link: https://www.econbiz.de/10005220161
We study a two-stage choice problem, where alternatives are allocations between the decision maker (DM) and a passive recipient. The recipient observes choice behavior in stage two, while stage one choice is unobserved. Choosing selfishly in stage two, in the face of a fairer available...
Persistent link: https://www.econbiz.de/10005260277
Many verifiable contracts are impossible or difficult to enforce. This applies to contracts among family and friends, contracts regulating market transactions, and sovereign debt contracts. Do such non-enforceable contracts matter? We use a version of the trust game with participants from Norway...
Persistent link: https://www.econbiz.de/10010539868
We study if and how social preferences extend to risky environments. By providing experimental evidence on different versions of “dictator games” with risky outcomes, we establish that social preferences of players who give in standard dictator games cannot be described solely by concerns...
Persistent link: https://www.econbiz.de/10010627309