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Other-Regarding Preferences in General Equilibrium

Dufwenberg, Martin; Heidhues, Paul; Kirchsteiger, Georg; … - C.E.P.R. Discussion Papers - 2008

-regarding preferences from market behaviour: agents behave as if they had classical preferences that depend only on own consumption in … competitive equilibrium. If preferences, in addition, depend only on the final allocation of consumption in society, the Second …, the First Welfare Theorem generally does not hold. Allowing agents to care about their own consumption and the …

Persistent link: https://www.econbiz.de/10005114265

Homo Reciprocans: Survey Evidence on Prevalence, Behaviour and Success

Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe - C.E.P.R. Discussion Papers - 2006

Experimental evidence has convincingly shown the existence of reciprocal inclinations, i.e., a tendency for people to respond in-kind to hostile or kind actions. Little is known, however, about: (i) the prevalence of reciprocity in the population, (ii) individual determinants of reciprocity,...

Persistent link: https://www.econbiz.de/10005114269

The Role of Equality and Efficiency in Social Preferences

Fehr, Ernst; Naef, Michael; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2005

Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments claiming that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is more important than inequity aversion. We show that these results...

Persistent link: https://www.econbiz.de/10005114463

Coalitional Manipulation on Networks

Ju, Biung-Ghi - Department of Economics, University of Kansas - 2004

We consider an abstract model of division problems where each agent is identi- fied by a characteristic vector. Agents are situated on a network (a non-directed graph) and any connected coalition can reallocate members¡¯ characteristics (e.g. reallocation of claims in bankruptcy problems). A...

Persistent link: https://www.econbiz.de/10005115545

A non-parametric decomposition of redistribution into vertical and horizontal components

Perrote, Irene; Rodríguez, Juan Gabriel; Salas, Rafael - Facultad de Ciencias Económicas y Empresariales, … - 2001

We use non-parametric methods to propose horizontal inequity (HI) measures that satisfy certain normative and statistical properties. The HI measures tackle the problem of arbitrary definition of similar individuals and satisfy the horizontal transfer principle. HI is measured by any index...

Persistent link: https://www.econbiz.de/10005115574

Asynchronous Evolution of Pairs - How spatial evolution leads to inequality

Kirchkamp, Oliver - EconWPA - 1995

We present a simple model of spatial evolution that avoids several problems that arise with more complex networks of players. We consider a world where pairs of players are matched forever. These players learn from the whole population but they are more likely to learn to strategies used by...

Persistent link: https://www.econbiz.de/10005118522

SOCIALIST PRIVATIZATION: RESPONSE

Feige, Edgar L. - EconWPA - 2005

” wealth to private citizens by means of a voucher program whose aim was to establish a social safety net of private wealth …

Persistent link: https://www.econbiz.de/10005118677

Spatial Price Differences in China: Estimates and Implications

BRANDT, Loren; HOLZ, Carsten A - EconWPA - 2005

in explaining such economic outcomes as inequality can lead to misinterpretations. Income should be adjusted for costs of …

Persistent link: https://www.econbiz.de/10005118679

Community, Comparisons and Subjective Well-being in a Divided Society

Kingdon, Geeta; Knight, John - EconWPA - 2004

Using a South African data set, the paper poses six questions about the determinants of subjective well-being. Much of the paper is concerned with the role of relative concepts. We find that comparator income – measured as average income of others in the local residential cluster - enters the...

Persistent link: https://www.econbiz.de/10005118826

SOCIO-ECONOMIC IMPLICATIONS OF COMBRAINS

DR.VSR.SUBRAMANIAM - EconWPA - 2005

Human brain has invented the Computer&upgraded it to a level of Combrains. With Artificial Chemical Memory, these may grow to function as independent Iintellects, Master/Sponsor representatives and self- decision workers with autonomy&supreme capability. Like any human society learn and function...

Persistent link: https://www.econbiz.de/10005118844