Showing 1 - 10 of 15,200
In this paper, we investigate individuals’ investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to learn and potentially improve their relative position...
Persistent link: https://www.econbiz.de/10014186505
We use an experimental method to investigate whether systematic relationships exist across distinct aspects of individual preferences: risk aversion in monetary outcomes, altruism in a two-person context, and social preferences in a larger group context. Individual preferences across these three...
Persistent link: https://www.econbiz.de/10014187347
Contract enforcement does not only affect single transactions but the market as a whole. We compare alternative institutions that allocate enforcement rights to the different parties to a credit transaction: either lenders, borrowers, or judges. Despite all parties having incentives to enforce...
Persistent link: https://www.econbiz.de/10014050946
Despite burgeoning as a field of study, and despite receiving substantial attention outside of academia – now – Justice Sotomayor’s “empathy” kerfuffle as the most prominent example – law and emotions has received little treatment as a unified field. A book-length treatment a decade...
Persistent link: https://www.econbiz.de/10014197071
This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment in which participants make a series of choices between...
Persistent link: https://www.econbiz.de/10014201101
This paper provides evidence that free riders are heavily punished even if punishment is costly and does not provide any material benefits for the punisher. The more free riders negatively deviate from the group standard the more they are punished. As a consequence, the existence of an...
Persistent link: https://www.econbiz.de/10014160643
In this paper we investigate the effect of moral suasion on ingroup favouritism. We report a well-powered, pre-registered, two-stage 2x2 mixed-design experiment. In the first stage, groups are formed on the basis of how participants answer to a set of questions, concerning non-morally relevant...
Persistent link: https://www.econbiz.de/10014103233
This paper presents a laboratory experiment that studies the effects of costly monitoring and heterogeneous social identities on an equity principle of reward allocation. In particular, the investigation is based on a two-stage mechanism where a production phase is followed by a distribution...
Persistent link: https://www.econbiz.de/10012964626
Two separate bodies of work have examined whether culture affects cooperation in economic games and whether cooperative or non-cooperative decisions occur more quickly. Here, we connect this work by exploring the relationship between decision time and cooperation in American versus Indian...
Persistent link: https://www.econbiz.de/10012968930
This paper studies the impact of a key feature of competitive markets on moral behavior: the possibility that a competitor will step in and conclude the deal if a conscientious market actor forgoes a profitable business opportunity for ethical reasons. We study experimentally whether people...
Persistent link: https://www.econbiz.de/10012946814