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Why we all do care about inequality (but are loath to admit it)

Milanovic, Branko - EconWPA - 2004

This note is motivated by recent arguments made by Martin Feldstein in which the relevance of inequality is dismissed (if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty alleviation should matter. This note shows that we all do care...

Persistent link: https://www.econbiz.de/10005076936

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

Subgame perfect manipulation of children by overlapping generations of agents with two-sided altruism and endogenous fertility

Raut, Lakshmi K. - EconWPA - 1996

In this paper we consider an overlapping generations model with endogenous fertility and two-sided altruism and show the limitations of applying commonly used open loop Nash equilibrium in characterizing equilibrium transfers from parents to children in the form of bequest, and transfers from...

Persistent link: https://www.econbiz.de/10005076531

On the Reliability of Trusting

James, Harvey - EconWPA - 2002

This paper presents a model of trust in which a principal chooses either to trust or monitor an agent who, in turn …, chooses either to honor or exploit that trust. The principal's decision of whether to trust or monitor is based on the … relative temptation an agent faces to exploit the principal's trust, which comprises two elements – the environmental …

Persistent link: https://www.econbiz.de/10005135015

The Trust Paradox: A Survey of Economic Inquiries Into the Nature of Trust and Trustworthiness

James, Harvey - EconWPA - 2002

This paper examines the concepts of trust and trustworthiness in the context of a one-sided variation of the prisoner … on the creation of incentives to induce cooperation, this paper articulates a paradox of trust in that if one trusts … gives trust its very meaning. The paper explores the implications of trust when understood to exist at two levels -- one in …

Persistent link: https://www.econbiz.de/10005135123

Understanding Social Preferences with Simple Tests

Charness, Gary; Rabin, Matthew - EconWPA - 2003

Departures from self-interest in economic experiments have recently inspired models of "social preferences". We design a range of simple experimental games that test these theories more directly than existing experiments. Our experiments show that subjects are more concerned with increasing...

Persistent link: https://www.econbiz.de/10005556538

Third-party punishment and social norms

Fehr, Ernst; Fischbacher, Urs - EconWPA - 2004

We examine the characteristics and relative strength of third-party sanctions in a series of experiments. We hypothesize that egalitarian distribution norms and cooperation norms apply in our experiments, and that third parties, whose economic payoff is unaffected by the norm violation, may be...

Persistent link: https://www.econbiz.de/10005125599

Relative Deprivation, Personal Income Satisfaction, and Average Well-Being under Different Income Distributions

Seidl, Christian; Traub, Stefan; Morone, Andrea - EconWPA - 2004

This paper uses the data gained from an income categorization experiment for five shapes of income distributions to investigate background context effects, relative deprivation, range-frequency theory to explain back-ground context effects,individual income satisfaction versus aggregate...

Persistent link: https://www.econbiz.de/10005125602

Income Distributions versus Lotteries: Happiness, Response Mode Effects and Preference Reversals

Morone, Andrea; Seidl, Christian; Camacho-Cuena, Eva - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005408217

Social Preferences: Some Simple Tests and a New Model

Charness, Gary; Rabin, Matthew - EconWPA - 2001

Departures from pure self interest in economic experiments have recently inspired models of "social preferences". We conduct experiments on simple two-person and three-person games with binary choices that test these theories more directly than the array of games conventionally considered. Our...

Persistent link: https://www.econbiz.de/10005062663