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should only be rewarded for factors under their control. This fairness ideal does not hold subjects responsible for factors …
Persistent link: https://www.econbiz.de/10009754116
Is the willingness to make trades influenced by how the total gains from trade are split between the trading partners? We present results from a bilateral trade game (n = 128) where all participants were price-takers and trading pairs faced one of three exogenously imposed trading prices. The...
Persistent link: https://www.econbiz.de/10012168600
through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe … derive and defend moral entitlements from equity concerns with regard to their outside options. They strive for equitable but … the negotiation, equity tends to lose, while the prominence of round numbers gains importance. Similarities between the …
Persistent link: https://www.econbiz.de/10011771180
complementarity and how it is influenced by fairness concern and information transparency. We base our setup on a structured … value of the deal approximately half-half with the buyer as a normative fairness benchmark. The buyers, on the other hand …, did not have a demand for fairness that was based on a fairness benchmark. …
Persistent link: https://www.econbiz.de/10015073214
We study a model in which agents endowed with power compete for a divisible resource by forming coalitions with other agents. The coalition with the greatest power wins the resource and divides it among its members via proportional sharing. We conduct an economic experiment using this model to...
Persistent link: https://www.econbiz.de/10012062323
This paper studies the effects of two different frames on decisions in a dictator game. Before making their allocation decision, dictators read a short text. Depending on the treatment, the text either emphasizes their decision power and freedom of choice or it stresses their responsibility for...
Persistent link: https://www.econbiz.de/10011849527
Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...
Persistent link: https://www.econbiz.de/10009754119
This paper departs from the standard profit-maximizing model of firm behavior by assuming that firms are motivated in part by personal animosity–or respect–towards their competitors. A reciprocal firm responds to unkind behavior of rivals with unkind actions (negative reciprocity), while at...
Persistent link: https://www.econbiz.de/10009753710
A real-effort experiment is conducted in order to detect preferences for one out of three different models of the Welfare State characterized by different tax-and-transfer schemes. We reproduce a small society in the lab where: Subjects are grouped in three stylized classes (the rich, the middle...
Persistent link: https://www.econbiz.de/10012167864
system that finances a public good. We compare low-income taxpayers' compliance decisions and equity perceptions across … treatments in which they are informed or not informed about the mobility option of high-income taxpayers. This allows us to test … allocation mechanism. However, compliance and equity perceptions did not significantly differ by the information treatment …
Persistent link: https://www.econbiz.de/10012167860