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Pro Bono Work and Trust in Expert Fields

Ong, David; Yang, Chun-Lei - CESifo - 2014

aspect of the services of experts (e.g., of doctors, lawyers, and accountants), and the role that voluntary pro bono work … might play. Expert services have un- verifiable quality to non-experts and are subject to moral hazard. Experts who cheat … their customers should crowd out experts who do not, resulting in low trust, prestige, and wages. We ask how pro bono work …

Persistent link: https://www.econbiz.de/10010877904

The Trade-off between Intra- and Intergenerational Equity in Climate Policy

Kverndokk, Snorre; Nævdal, Eric; Nøstbakken, Linda - CESifo - 2013

This paper focuses on two equity dimensions of climate policy, intra- and intergenerational, and analyzes the implications of equity preferences on climate policy, and on the production and consumption patterns in rich and poor countries. We develop a dynamic two-region model, in which each...

Persistent link: https://www.econbiz.de/10010877658

When Ignorance is Bliss - Information Asymmetries Enhance Prosocial Behavior in Dictator Games

Winschel, Evguenia; Zahn, Philipp - CESifo - 2014

In most laboratory experiments concerning prosocial behavior subjects are fully informed how their decision influences the payoff of other players. Outside the laboratory, however, individuals typically have to decide without such detailed knowledge. To assess the effect of information...

Persistent link: https://www.econbiz.de/10010877838

Leaky Bucket in the Real World: Estimating Inequality Aversion Using Survey Data

Pirttilä, Jukka; Uusitalo, Roope - CESifo - 2007

Existing evidence of inequality aversion relies on data from class-room experiments where subjects face hypothetical questions. This paper estimates the magnitude of inequality aversion using representative survey data, with questions related to the real-economy situations the respondents face....

Persistent link: https://www.econbiz.de/10005094321

What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods

Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - CESifo - 2011

Credence goods are characterized by informational asymmetries between sellers and consumers that invite fraudulent behavior by sellers. This paper presents the results of a natural field experiment on taxi rides in Athens, Greece, set up to measure different types of fraud and to examine the...

Persistent link: https://www.econbiz.de/10009020798

Second-Degree Moral Hazard in a Real-World Credence Goods Market

Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - CESifo - 2013

Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...

Persistent link: https://www.econbiz.de/10010706004

Expert Politicians, Electoral Control, and Fiscal Restraints

Dulleck, Uwe; Wigger, Berthold U. - CESifo - 2012

Fiscal restraints have been argued to force today’s governments to internalize the externalities that result from extensive borrowing on future electorates and governments as well as on other countries by causing fiscal instability. In this article we provide an alternative argument for fiscal...

Persistent link: https://www.econbiz.de/10009645641

Insurance in a Market for Credence Goods

Sülzle, Kai; Wambach, Achim - CESifo - 2002

goods, where prices are regulated by an authority, physicians act as experts. Due to their informational advantage …

Persistent link: https://www.econbiz.de/10005765678

A Note on the Design of Experiments Involving Public Goods

Graves, Philip E. - CESifo - 2010

Concern about potential free riding in the provision of public goods has a long history. More recently, experimental economists have turned their attention to the conditions under which free riding would be expected to occur. A model of free riding is provided here which demonstrates that...

Persistent link: https://www.econbiz.de/10008671727

Negotiating to Avoid "Gradual" versus "Dangerous" Climate Change: An Experimental Test of Two Prisoners' Dilemma

Barrett, Scott; Dannenberg, Astrid - CESifo - 2014

According to the Framework Convention on Climate Change, global collective action is needed to stabilize “greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system.” The Framework Convention thus...

Persistent link: https://www.econbiz.de/10010734324