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experiments have revealed, however, that most people do in fact have redistributional preferences that are not merely inspired by … utilitarian justice concept appended with a safety net for the poorest. Another result is that people are willing to accept income …, individuals make choices in front of the veil of ignorance and know their position. Experiments show that preferences for …
Persistent link: https://www.econbiz.de/10013316175
too. In a gift-exchange experiment with independent payoffs between two agents we find causal evidence for peer effects …
Persistent link: https://www.econbiz.de/10013054323
preferences while still being able to predict behavior over time and across situations. We tackle this task with an experiment and …
Persistent link: https://www.econbiz.de/10012997075
Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can … inform the debate on the fairness of market outcomes by showing that the use of a competitive procedure can, by itself …
Persistent link: https://www.econbiz.de/10013315593
simple voting experiment, we show that many voters are willing to engage in voting as a form of punishment, even when voting …
Persistent link: https://www.econbiz.de/10013315578
While little agreement exists regarding the taxation of bequests in general, there is a widely held view that accidental bequests should be subject to a confiscatory tax. We propose to reexamine the optimal taxation of accidental bequests in an economy where individuals care about what they...
Persistent link: https://www.econbiz.de/10012927516
then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even … the materially disadvantaged player cares more for social welfare than about inequality. Behavioral preferences of … disadvantaged players actually increase inequality. We also investigate when players give up an advantageous sharing rule. Power …
Persistent link: https://www.econbiz.de/10013316263
We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...
Persistent link: https://www.econbiz.de/10013055380
phenomena. However, the empirical foundation of social preferences is largely based on laboratory experiments with self …-selected students as participants. This is potentially problematic as students participating in experiments may behave systematically … experiments with student samples misrepresent the importance of social preferences. Our first study shows that students who …
Persistent link: https://www.econbiz.de/10013316160
maximin rule, but rather favor a utilitarian justice concept appended with a safety net for the poorest. Furthermore, people … discuss situations in which income is determined by interdependent rather than individual choices. Here experiments show that …
Persistent link: https://www.econbiz.de/10008498990