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Economic inequality may fuel frustration, possibly leading to anger and antisocial behavior. We experimentally study a situation where only the rich can reduce inequality while the poor can express their discontent by destroying the wealth of a rich counterpart with whom they had no previous...
Persistent link: https://www.econbiz.de/10012064378
The meritocratic fairness ideal implies that inequalities in earnings are regarded as fair only when they reflect differences in performance. Consequently, implementation of the meritocratic fairness ideal requires complete information about individual performances, but in practice, such...
Persistent link: https://www.econbiz.de/10012007093
Using a lab experiment, we investigate the real-life performance of envy-free and proportional cake-cutting procedures …
Persistent link: https://www.econbiz.de/10011945921
We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same...
Persistent link: https://www.econbiz.de/10011928322
Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...
Persistent link: https://www.econbiz.de/10014531967
We device a randomized experiment with task performance in which players directly decide allocation criteria (with …
Persistent link: https://www.econbiz.de/10014176340
This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment … experiment we record agents’ heart rate variability. Our findings provide evidence of a link between perceived unfairness and …
Persistent link: https://www.econbiz.de/10014181011
This paper studies how individual behavior is affected by moral reflection in a dictator game with production, and the informational value of self-reported data on fairness. We nd that making individuals reflect on fairness before they play the dictator game has a moderate effect on the weight...
Persistent link: https://www.econbiz.de/10014198119
experiment and provide evidence of a new aspect of an environment, which is related to the notion of temptation in a mini …
Persistent link: https://www.econbiz.de/10014221817
This paper experimentally investigates cooperative game theory from a normative perspective. Subjects designated as Decision Makers express their view on what is fair for others, by recommending a payoff allocation for three subjects (Recipients) whose substitutabilities and complementarities...
Persistent link: https://www.econbiz.de/10014151824