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Appropriating the Commons - A Theoretical Explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001

In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common …

Persistent link: https://www.econbiz.de/10005123667

The Behavioural Effects of Minimum Wages

Falk, Armin; Fehr, Ernst; Zehnder, Christian - C.E.P.R. Discussion Papers - 2005

The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...

Persistent link: https://www.econbiz.de/10005124189

On the Nature of Fair Behaviour

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001

exclusively based on preferences over the distribution of material pay-offs. Models that take into account players’ fairness …

Persistent link: https://www.econbiz.de/10005661687

Neuroeconomic Foundation of Trust and Social Preferences

Fehr, Ernst; Fischbacher, Urs; Kosfeld, Michael - C.E.P.R. Discussion Papers - 2005

This paper discusses recent neuroeconomic evidence related to other-regarding behaviours and the decision to trust in other people’s other-regarding behaviour. This evidence supports the view that people derive non-pecuniary utility (i) from mutual cooperation in social dilemma (SD) games and...

Persistent link: https://www.econbiz.de/10005497729

The Role of Equality and Efficiency in Social Preferences

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

field of study (economics) and learned in the first semester that efficiency is desirable. We show that for non-economists … political attitudes. …

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

Use and Abuse of Authority: A Behavioral Foundation of the Employment Relation

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2012

, inducing them to resist entering into employment contracts. This resistance to employment contracts vanishes if fairness …

Persistent link: https://www.econbiz.de/10011084462

Fairness, Incentives and Contractual Incompleteness

Fehr, Ernst; Klein, Alexander; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2001

We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned with fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful …

Persistent link: https://www.econbiz.de/10005792499

Fairness and the Optimal Allocation of Ownership Rights

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

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...

Persistent link: https://www.econbiz.de/10005504775

Fairness and Incentives in a Multi-Task Principle-Agent Model

Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2004

-interest theory but is consistent with theories of fairness. …

Persistent link: https://www.econbiz.de/10005114195

Theories of Fairness and Reciprocity - Evidence and Economic Applications

Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2001

by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that … systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and … insights into the nature of preferences and into the relative performance of competing theories of fairness. The purpose of …

Persistent link: https://www.econbiz.de/10005656392