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When using the strategy method in ultimatum bargaining, many researchers ask responders for the minimal acceptable offer only implicitly assuming strategies to be monotone. Recent research has shown, however, that subjects decline disadvantageous and advantageous proposals. We report on an...
Persistent link: https://www.econbiz.de/10010263118
Experimentally observed deviations of behavior from game theoretic predictions suggest that fairness does influence … decision making. Fairness in the sense of equality has become an essential element of economic models aiming at explaining … only fairness norm to be taken into account. More equity norms than equality exist, including inequality of payoffs. Since …
Persistent link: https://www.econbiz.de/10010317630
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...
Persistent link: https://www.econbiz.de/10010309895
This is an experimental study of a three-player power-to-take game where a take authority is matched with two responders. The game consists of two stages. In the first stage, the take authority decides how much of the endowment of each responder that is left after the second stage will be...
Persistent link: https://www.econbiz.de/10010261421
induce more 'fairness' on the part of those subsequently chosen to be dictators. In fact, dictators were significantly more …
Persistent link: https://www.econbiz.de/10010263797
agents; (3) perceptions of fairness are prone to the so-called self-serving bias. (4) expectations are often not consistent …
Persistent link: https://www.econbiz.de/10010317680
updated version of paper no 55
Persistent link: https://www.econbiz.de/10010334048
We present a field experiment to assess the effect of own and peer wage variations on actual work effort of employees with hourly wages. Work effort neither reacts to an increase of the own wage, nor to a positive or negative peer comparison. This result seems at odds with numerous laboratory...
Persistent link: https://www.econbiz.de/10010334141
label 'culture', change individuals' preferences and behaviour in mainland China. From 1949 China experienced dramatic …
Persistent link: https://www.econbiz.de/10011584679
, culture, and endogenous emotions are the key determinants of contributions and punishments. The emotions of shame, frustration …
Persistent link: https://www.econbiz.de/10014290130