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In Third Party punishment experiments (Fehr et al.; 2004), an agent may be punished for violating a social norm by an uninvolved observer - or third party - whose payoff is unaffected by the behavior of the same agent. In our research, we attempt to improve the understanding of Third Party...
Persistent link: https://www.econbiz.de/10010602687
This paper reports the results of an experimental investigation which allows a deeper insight into the nature of social preferences amongst organized criminals and how these differ from "ordinary" criminals on the one hand and from the non‐criminal population in the same geographical area on...
Persistent link: https://www.econbiz.de/10011458326
This paper reports the results of an experimental investigation which allows a deeper insight into the nature of social preferences amongst organized criminals and how these differ from "ordinary" criminals on the one hand and from the non‐criminal population in the same geographical area on...
Persistent link: https://www.econbiz.de/10012993865
development, welfare, and justice. … backdrop of considerations about the meaning of justice in the context of sustainability. We argue that the preservation of the … natural basis of life is by itself a requirement of justice. However, the crucial role of the ecological dimension of …
Persistent link: https://www.econbiz.de/10009569671
The fiduciary norm, which prescribes agent behavior solely for the goal of the principal, without regard for other goals, is defined in the context of the theory of agency. The fiduciary program, a set of procedures for determining the principal's preferences and acting for them, is then defined...
Persistent link: https://www.econbiz.de/10012824733
welfare properties of the mechanism, interpreting noise as a policy instrument, and we use logit dynamic simulations to …
Persistent link: https://www.econbiz.de/10011771262
development, welfare, and justice. … backdrop of considerations about the meaning of justice in the context of sustainability. We argue that the preservation of the … natural basis of life is by itself a requirement of justice. However, the crucial role of the ecological dimension of …
Persistent link: https://www.econbiz.de/10011422233
development, welfare, and justice. … backdrop of considerations about the meaning of justice in the context of sustainability. We argue that the preservation of the … natural basis of life is by itself a requirement of justice. However, the crucial role of the ecological dimension of …
Persistent link: https://www.econbiz.de/10011266098
Schumpeter's and Hayek's view of market coordination as being not about efficiency, but about endogenous change and … welfare economics is unsuited to deal with. We show that welfare economics has to be reconstructed on the basis of …
Persistent link: https://www.econbiz.de/10010267155
considerations to explain the development or sustainability of these transfers. Such is the implicit ambition of efficiency theories … of the Welfare State. However, while these theories may be suited for explaining the development of public insurance or … explained by pure efficiency motives, but less than what would be predicted under the extended insurance hypothesis. One …
Persistent link: https://www.econbiz.de/10014023654