Showing 1 - 10 of 123
We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...
Persistent link: https://www.econbiz.de/10010316927
We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...
Persistent link: https://www.econbiz.de/10011282463
embodying both reciprocity and altruism we show that unconditional altruism towards other members attenuates the punishment … punishment costs. The negative effect of altruism on cooperation and material payoffs is greater the stronger is the reciprocity … additive. But this need not be the case. Behavioral experiments find that if reciprocity-minded subjects feel hostility towards …
Persistent link: https://www.econbiz.de/10010287831
A preference for negative reciprocity is an important part of the human emotional repertoire. We model its role in … sustaining cooperative behavior but highlight an intrinsic free-rider problem: the fitness benefits of negative reciprocity are … reciprocity is a meme consisting of a group norm together with low-powered (and low-cost) group enforcement of the norm. The main …
Persistent link: https://www.econbiz.de/10010322689
The empirical evidence on the existence of social preferences-or lack thereof-is predominantly based on student samples. Yet, knowledge about whether these findings can be extended to the general population is still scarce. In this paper, we compare the distribution of social preferences in a...
Persistent link: https://www.econbiz.de/10014333770
The empirical evidence on the existence of social preferences-or lack thereof-is predominantly based on student samples. Yet, knowledge about whether these findings can be extended to the general population is still scarce. In this paper, we compare the distribution of social preferences in a...
Persistent link: https://www.econbiz.de/10014468191
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda. Support for redistribution may also be affected by altruistic and egalitarian preferences, but knowledge about the distribution of these preferences in the broader population and...
Persistent link: https://www.econbiz.de/10012155363
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the broader population and how they are associated with political...
Persistent link: https://www.econbiz.de/10013164122
We introduce opportunities for pre-play communication and to enter binding or non-binding contracts in trust games, and …
Persistent link: https://www.econbiz.de/10010318895
We let subjects interact with anonymous partners in trust (investment) games with and without one of two kinds of pre …
Persistent link: https://www.econbiz.de/10010318961