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In this paper we show that a simple model of fairness preferences explains major experimental regularities of common … pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …
Persistent link: https://www.econbiz.de/10011398786
We study the relevance of fairness norms in an experimental scenario in which hired and rented hands are co …-employed and stochastic influences and multiple reference points for fairness further increase complexity. Co-employment of hired … and rented hands is an example out of a broader class of situations with multiple fairness standards. Co-employment has …
Persistent link: https://www.econbiz.de/10014053091
? Fairness norms might play an important role in wage-setting decisions. We will explore theoretically and experimentally … possible fairness considerations of the involved parties. …
Persistent link: https://www.econbiz.de/10005588004
refutes the self-interest hypothesis, suggesting that concerns for altruism, fairness, and reciprocity strongly motivate many … the nature of preferences and the relative performance of competing fairness theories. The purpose of this chapter is to … norm violators. We further illustrate the powerful impact of fairness concerns on cooperation, competition, incentives, and …
Persistent link: https://www.econbiz.de/10014023675
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10011398368
This paper reports on a two-task principal-agent experiment in which only one task is contractible. The principal can …-interest theory but is consistent with theories of fairness. …
Persistent link: https://www.econbiz.de/10010440447
In two-person generosity games the proposer's agreement payoffis exogenously given whereas that of the responder is endogenouslydetermined by the proposer's choice of the pie size. Earlier resultsfor two-person generosity games show that participants seem to caremore for eciency than for equity....
Persistent link: https://www.econbiz.de/10005870886
Persistent link: https://www.econbiz.de/10010371081
This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and …
Persistent link: https://www.econbiz.de/10010440439
fairness makes it focal or because many individuals dislike payoff inequities, as abundant experimental evidence suggests. In …
Persistent link: https://www.econbiz.de/10010224794