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In this paper we show that a simple model of fairness preferences explains major experimental regularities of common … pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …
Persistent link: https://www.econbiz.de/10011398786
. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in …
Persistent link: https://www.econbiz.de/10011514175
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned about fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful … of a series of experiments. Furthermore, our results suggest that the existence of fair actors may be an important reason …
Persistent link: https://www.econbiz.de/10011398105
minority. Our review also shows how the findings from laboratory experiments involving social preferences provide a deeper … understanding of important field phenomena such as the consequences of wage inequality on work morale, employees' resistance to wage …
Persistent link: https://www.econbiz.de/10014292763