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guilt aversion and reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our …
Persistent link: https://www.econbiz.de/10010263175
reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our results are consistent …
Persistent link: https://www.econbiz.de/10010265677
guilt aversion and reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our …
Persistent link: https://www.econbiz.de/10010672352
player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity …
Persistent link: https://www.econbiz.de/10010315514
We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...
Persistent link: https://www.econbiz.de/10010316927
player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity …
Persistent link: https://www.econbiz.de/10008545923
player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity …
Persistent link: https://www.econbiz.de/10008468559
reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our results are consistent …
Persistent link: https://www.econbiz.de/10005032223
Compliance with a social norm is a matter of self-enforceability and endogenous motivation to conform, which is relevant not just to social norm,s but also to a wide array of institutions. Here we consider endogenous mechanisms that become effective once the game description has been enriched...
Persistent link: https://www.econbiz.de/10005121068
information on reciprocity types, implementability of an incentive-compatible social choice function is guaranteed if it satises … an additional insurance property. By contrast, precise information on reciprocity types may imply that all ecient social … agents have private information about their material payo types and their reciprocity types. We also provide a systematic …
Persistent link: https://www.econbiz.de/10011522109