Showing 1 - 10 of 477
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/10011282487
Reputation is a commonly cited check on opportunism in economic and social interactions. But it is often unclear what would motivate an agent to report another's behavior when the pool of potential partners is large and it is easy enough for an aggrieved player to move on. We argue that...
Persistent link: https://www.econbiz.de/10011526719
-applicable model of path-dependent fairness preferences, in which past experiences shape preferences, and we experimentally test the …' fairness concerns, making them more likely to accept transactions in which they receive a low share of the surplus. Consistent …
Persistent link: https://www.econbiz.de/10010333105
The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market interaction, as a side effect, erodes moral values. An encompassing understanding of the virtues and vices of markets, including their possible impact on moral values, is necessary...
Persistent link: https://www.econbiz.de/10012284782
diversion of resources from production unless the members of a given mini-society can abide by norms of non-theft or engage in … theft and most groups achieve much greater efficiency in the presence of communication. Ease of identifying who has engaged … in theft varies across the two communication treatments, but is of minor importance to the outcome. We find several …
Persistent link: https://www.econbiz.de/10011669324
participants receive cues emphasizing social norms, on the other hand, both economics and non-economics students are less likely to …
Persistent link: https://www.econbiz.de/10014577216
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can … shading. To analyze fairness perceptions associated with competitive mechanisms, we run laboratory experiments where a single …
Persistent link: https://www.econbiz.de/10011420556
The paper reports the first experimental study on people's fairness views on extreme income inequalities arising from …" fairness argument for no redistribution: the winner deserves all the earnings because these earnings were determined by his or …
Persistent link: https://www.econbiz.de/10011969198
While many studies have shown that fairness matters few efforts have been made to find out how important fairness is to … the individual and thereby assessing the limits of these fairness concerns. This study reports on Trust game experiments … that 90 percent of subjects that had demonstrated fairness ambitions were willing to let down their counterparts if …
Persistent link: https://www.econbiz.de/10013208461
How malleable are people's fairness ideals? Although fairness is an oft-invoked concept in allocation situations, it is … still unclear whether and to what extent people's allocations reflect their fairness ideals. We investigate in a laboratory … experiment whether people's fairness ideals vary with respect to changes in the order in which they undertake two allocation …
Persistent link: https://www.econbiz.de/10013208726