A long-standing discussion in economics asks whether institutions affect people’s social predispositions. The current experiment tests whether different aspects of markets affect people’s social preferences. The results are that people are less socially minded in more anonymous...

This article explores a possible connection between two behavioural anomalies in economics, the observed responsiveness of individual decision makers to sunk costs, and the apparent failure of backward induction to predict outcomes in experimental bargaining games. In particular, we show that...

The authors draw on an internal attitude survey conducted yearly from 1996 to 2000 in the freight-handling terminals of a unionized trucking firm to investigate the effect of local labor market conditions on employee wage-fairness perceptions. Their research design exploits the fact that local...

The chapters in this volume explore the challenges and opportunities raised by this concept for researchers, practitioners and teachers. Social Capital and Economic Development is based upon a consistent, policy-based vision of how social capital affects well-being in developing countries.

Experimental studies of two-person sequential bargaining demonstrate that the concept of subgame perfection is not a reliable predictor of actual behavior. Alternative explanations argue that fairness influences outcomes and that bargainer expectations matter and are likely not to be coordinated...

This paper conducts a comparative analysis of social capital and environmental management in two rapidly growing regions in south-east Asia, Bangkok and Ho Chi Minh City. Theoretical and empirical triangulation are used to clarify the nature of social capital and the ways that gender, in...