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We consider a situation where groups negotiate over the allocation of a surplus (which is used to fund group specific goods). Each group is composed of agents who have differing valuations for public goods. Members choose a representative to take decisions on their behalf. Specifically,...
Persistent link: https://www.econbiz.de/10014189169
This paper studies career concerns in groups where workers can allocate effort between their own tasks and other group members' tasks. We first theoretically investigate how workers allocate effort when they have career concerns. Then, we study their decisions when the labor market can only...
Persistent link: https://www.econbiz.de/10014242527
Betrayal aversion is an important factor in the decision to trust.Trust in members of one's own social group (ingroup members) is often higher than that in members of other groups (outgroup members). In this paper, I study (i) how betrayal aversion contributes to in-/outgroup discrimination in...
Persistent link: https://www.econbiz.de/10014242936
We develop a framework of group corruption via back-door negotiations between an outside initiator and an authority of decision-makers in a hierarchical organization. We examine the role played by the architecture of a multi-tier authority and determine under such a structure how bargaining...
Persistent link: https://www.econbiz.de/10014243309
We present a laboratory experiment that measures the effects of group identity -- one's perceived membership in social groups -- on market transactions in an oligopoly market with a few sellers and buyers. We artificially induce group identity using art preferences and college majors in...
Persistent link: https://www.econbiz.de/10014215983
Persistent link: https://www.econbiz.de/10003741226
We quantify the effect of pre-vote deliberation on the decisions of US appellate courts. We estimate a model of strategic voting with incomplete information in which judges communicate before casting their votes, and then compare the probability of mistakes in the court with deliberation with a...
Persistent link: https://www.econbiz.de/10014128551
aggregation of individual confidence intervals, group discussions have a mostly positive effect on judgment calibration for groups …
Persistent link: https://www.econbiz.de/10014131367
The 'Savage paradigm' of rational decision-making under uncertainty has become the dominant model of human behavior in mainstream economics and game theory. However, under the rubric of 'bounded-rationality', this model has been criticized as inadequate from both normative and descriptive...
Persistent link: https://www.econbiz.de/10014137969
Over the last ten years the literature in experimental economics has seen a growing interest in groups and how they compare to individuals in different settings. This paper contributes to the literature on this topic by investigating the comparison between groups and individuals with respect to...
Persistent link: https://www.econbiz.de/10014162811