Showing 1 - 10 of 149
In the vast majority of laboratory experiments documenting the existence of reciprocity subjects are endowed with …-regarding behavior, thereby creating a so-called “house money effect.” This suggests that laboratory experiments might also overestimate … reciprocal behavior. In this study we identify two reasons why the source of endowment might matter for negative reciprocity: (1 …
Persistent link: https://www.econbiz.de/10011127992
In the vast majority of experiments documenting the existence of reciprocity subjects are endowed with windfall funds … of endowment might matter for negative reciprocity: (1) Using earned – as opposed to windfall money – might increase the … costs of negative reciprocity due to this money being in a different mental account and thus lead to less retaliation. (2 …
Persistent link: https://www.econbiz.de/10010907394
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert's provision and charging decisions. We argue that the expert's...
Persistent link: https://www.econbiz.de/10008562419
Much evidence suggests that between-country social comparisons have become more important over time due to globalization. This paper analyzes optimal income taxation in a multi-country economy, where consumers derive utility from their relative consumption compared with both other domestic...
Persistent link: https://www.econbiz.de/10011272732
, with the hypothesis that fairness and reciprocity are significant motivational forces at workplaces. The reform was … fairness- and reciprocity incentives to increase their sales effort. The reform had a positive effect on sales; the operators …
Persistent link: https://www.econbiz.de/10008918543
Empirical as well as experimental evidence strongly suggests that bidders in common value auctions typically do not conform to the requirements of perfect rationality. Eyster and Rabin (2005) develop a theory and an equilibrium concept - x-cursed equilibrium - for bounded rational bidding in...
Persistent link: https://www.econbiz.de/10008876386
three separate experiments: a dictator game experiment, a complete information trust game experiment, and a hidden action … trust game experiment. In the experiments we inform donors about the beliefs of their respective recipients, while eliciting …-order beliefs is close to zero in all three experiments. …
Persistent link: https://www.econbiz.de/10008876391
While many earlier studies have found that people’s maximum willingness to pay for having a good is often substantially lower than their minimum willingness to accept not having it, more recent experimental evidence suggests that this discrepancy vanishes for standard consumption goods when an...
Persistent link: https://www.econbiz.de/10009003109
We study the impact of cognitive load in dictator games to test two conflicting views of moral behavior. Are social preferences skindeep in the sense that they are the result of humans’ cognitive reasoning while the natural instinct is selfish, or is rather the natural instinct to share fairly...
Persistent link: https://www.econbiz.de/10005034675
Empirical evidence suggests that people’s maximum willingness to pay for having a good is often substantially lower than their minimum willingness to accept not having it, and that this discrepancy tends to be especially large when valuing public goods. This paper hypothesizes that differences...
Persistent link: https://www.econbiz.de/10005651681