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We present a three-player game in which a proposer makes a suggestion on how to split $10 with a passive responder. The offer is accepted or rejected depending on the strategy pro le of a neutral third-party whose payoffs are independent from his decisions. If the offer is accepted the split...
Persistent link: https://www.econbiz.de/10010413243
This research states the stylised n (more than two) players' splitting problem as a mathematical programme, relying on definitions of the values of the game and problem stationarity to generate tractable reduced forms, and derives the known solutions according to the properties of pertaining...
Persistent link: https://www.econbiz.de/10011524731
This paper proves that the traditional wisdom of robbing the rich for the poor will end up with just the opposite result. Evidences are given to confirm that such unjust re-distribution is happening in the real world. Welfare economists should be fired: to be replaced by wealth economists
Persistent link: https://www.econbiz.de/10012974046
Direct transfers allow heirs to freely use what has been passed on to them. Bequeathers who do not trust their descendants to make proper use of the fortune may prefer investing it in a safe foundation, thereby limiting their descendants’ autonomy. In our study we compare experimentally these...
Persistent link: https://www.econbiz.de/10005866700
We present a new three-player game in which a proposer makes a suggestion on how to split $10 with a passive responder. The offer is accepted or rejected depending on the strategy profile of the neutral third-party whose payoffs are independent from his decisions. If the offer is accepted the...
Persistent link: https://www.econbiz.de/10014158292
We conduct dictator games in our artefactual field experiment with 11th and 12th grade students in New Delhi, India. We …
Persistent link: https://www.econbiz.de/10014079053
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/10014083850
We investigate the norm of just deserts and its effect on honesty. Just deserts is an essential norm in a market society, and honesty is an important factor in economic and social exchange. In particular, we analyze what happens when the social distributive rules betray the reasonable...
Persistent link: https://www.econbiz.de/10013060367