Showing 181 - 190 of 102,655
-applicable model of path-dependent fairness preferences, in which past experiences shape preferences, and we experimentally test the …' fairness concerns, making them more likely to accept transactions in which they receive a low share of the surplus. Consistent …
Persistent link: https://www.econbiz.de/10010333105
-applicable model of path-dependent fairness preferences, in which past experiences shape preferences, and we experimentally test the …' fairness concerns, making them more likely to accept transactions in which they receive a low share of the surplus. Consistent …
Persistent link: https://www.econbiz.de/10009774351
distributional equity. Fairness among agents with different preferences is taken into account by considering their marginal … equity axioms that in particular are related to the equal sacrifice principle and a nonenvy postulate as norms for …
Persistent link: https://www.econbiz.de/10010261328
conducted a real effort fairness experiment where people in two of the world's richest countries, Norway and Germany, interacted …
Persistent link: https://www.econbiz.de/10011377115
The Coase theorem posits: If [1] property rights are perfect, [2] contracts are enforceable, [3] preferences are common knowledge, and [4] transaction costs are zero, then the initial alloca-tion of property rights only matters for distribution, not for efficiency. In this paper we claim that...
Persistent link: https://www.econbiz.de/10011397620
Theoretical research on claims problems has concentrated on normative properties and axiomatizations of solution concepts. We complement these analyses by empirical evidence on the predictability of three classical solution concepts in a bankruptcy problem. We examine both people's impartial...
Persistent link: https://www.econbiz.de/10011335222
through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe … derive and defend moral entitlements from equity concerns with regard to their outside options. They strive for equitable but … the negotiation, equity tends to lose, while the prominence of round numbers gains importance. Similarities between the …
Persistent link: https://www.econbiz.de/10011771180
Do White and Black Americans differ in their response to fair versus unfair treatment, and do these reactions depend on whether treatment is intentional? We study an ultimatum game in which we non-deceptively vary three dimensions: racial identities of participants, offer inequality, and whether...
Persistent link: https://www.econbiz.de/10014423753
complementarity and how it is influenced by fairness concern and information transparency. We base our setup on a structured … value of the deal approximately half-half with the buyer as a normative fairness benchmark. The buyers, on the other hand …, did not have a demand for fairness that was based on a fairness benchmark. …
Persistent link: https://www.econbiz.de/10015073214
We conduct 3-person bargaining experiments in which the surplus being divided is produced by completing a prior task. Using a Baron-Ferejohn framework, we investigate how differences in contributions to production affect bargaining under different decision rules. Under unanimity rule, all...
Persistent link: https://www.econbiz.de/10012112125