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The influence of relative wealth on fairness considerations is analyzed in an ultimatum game experiment in which … participants receive large and widely unequal initial endowments. Subjects initially demonstrate a concern for fairness. With time … however, behavior becomes at odds with both subgame perfection and fairness. Evidence of learning is detected for both …
Persistent link: https://www.econbiz.de/10005100867
In incentive-alignment choice experiments, each decision is realized with some prob- ability prob 1. Incentive alignment induces truth telling, i.e., respondents do not consciously lie, given the information they have processed. However, based on the psychological distance literature and the...
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The paper addresses the issue of the impact of asymmetric information on risk aversion of litigant parties in a model à la Bebchuk. First we study the case where the plaintif is the informed party, and characterize the equilibrium with and without a pretrial negociation round. Then, we focuse...
Persistent link: https://www.econbiz.de/10015268781
Contrary to the Islamic laws considered as social standard governing the behavior of the Muslims, the facts relative to most of the Muslim countries show that the detention of a conventional bank account considered as illicit because it is generative of the rate of interest and savings is more...
Persistent link: https://www.econbiz.de/10015242680
Bankruptcy choices condition, i) the efficiency of liquidation or reorganization decisions, ii) the incen-tives delivered to the debtor-in-place and its creditors. On the one hand, there is no incompatibility between a pro-creditors system and the possibility to reach informal agreements and a...
Persistent link: https://www.econbiz.de/10005111104
On oppose souvent l’interventionnisme étatique français à l’autonomie tarifaire allemande dans l’analyse des systèmes de relations professionnelles. Le rapport au politique des acteurs de cette sphère, notamment telle qu’il émerge d’une comparaison des dynamiques...
Persistent link: https://www.econbiz.de/10008790063
French Abstract: Ce bref commentaire a pour objet de passer en revue les importantes modifications législatives qui ont été apportées à la Loi sur la concurrence en 2009 et d'attirer l'attention sur deux décisions rendues au cours de l'année, qui ont semblé dignes d'intérêt.English...
Persistent link: https://www.econbiz.de/10013032714
Although few citizens outside of the livestock industry have heard about this veterinary drug, ractopamine is set to become not only the source of public concern but also the trigger of another endless transatlantic trade dispute. After years of scientific and political deadlock, the Codex...
Persistent link: https://www.econbiz.de/10010380793