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  1. A theory of reverse retirement
    Autor*in: Ponthière, Grégory
    Erschienen: [2018]
    Verlag:  Paris-Jourdan Sciences Economiques, Paris

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    Sprache: Englisch
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    Format: Online
    Schriftenreihe: Working paper / Paris School of Economics ; no 2018, 21
    Schlagworte: mortality; fairness; retirement; life cycle
    Umfang: 1 Online-Ressource (circa 25 Seiten)
  2. I win it's fair, you win it's not
    selective heeding of merit in ambiguous settings
    Autor*in: Kandul, Serhiy; Nikolaychuk, Olexandr
    Erschienen: [2021]
    Verlag:  Friedrich Schiller University Jena, Jena, Germany

    One's willingness to accept an outcome or even to correct it depends on whether or not the underlying procedure is deemed legitimate. We manipulate the role allocation procedure in the dictator game to illustrate that this belief is not independent... mehr

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    One's willingness to accept an outcome or even to correct it depends on whether or not the underlying procedure is deemed legitimate. We manipulate the role allocation procedure in the dictator game to illustrate that this belief is not independent of the outcome and is self-serving in its nature. Our findings suggest that there may be some positive level of dissatisfaction with virtually any social outcome in the populace without there being anything wrong as far as the underlying procedure. We also discuss the perceptions of fairness and merit as potential drivers of the observed behavioral phenomenon.

     
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    Weitere Identifier:
    hdl: 10419/243073
    Schriftenreihe: Jena economic research papers ; # 2021, 002
    Schlagworte: fairness; entitlement; merit; redistribution; procedural preferences; dictator game
    Umfang: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  3. Competing social identities and intergroup discrimination
    evidence from a framed field experiment with high school students in Vietnam
    Autor*in: Tam Kiet Vuong; Chan, Ho Fai; Torgler, Benno
    Erschienen: [2021]
    Verlag:  CREMA, Zürich

    We conducted a framed field experiment to explore a situation where individuals have potentially competing social identities to understand how group identification and socialization affect ingroup favoritism and out-group discrimination. The Dictator... mehr

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    We conducted a framed field experiment to explore a situation where individuals have potentially competing social identities to understand how group identification and socialization affect ingroup favoritism and out-group discrimination. The Dictator Game and the Trust Game were conducted in Vietnam's Ho Chi Minh City on two groups of high school students with different backgrounds, i.e., French bilingual and monolingual (Vietnamese) students. We find strong evidence for the presence of these two phenomena: our micro-analysis of within- and betweenschool effects show that bilingual students exhibit higher discriminatory behavior toward nonbilinguals within the same school than toward other bilinguals from a different school, implying that group identity is a key factor in the explanation of intergroup cooperation and competition.

     
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    Weitere Identifier:
    hdl: 10419/234617
    Schriftenreihe: Working paper / CREMA, Center for Research in Economics, Management and the Arts ; no. 2021, 02
    Schlagworte: socialization; in-group favouritism; out-group discrimination; cooperation; trust; trustworthiness; fairness; altruism; risk preference
    Umfang: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  4. CEO compensation
    evidence from the field
    Autor*in: Edmans, Alex; Gosling, Tom; Jenter, Dirk
    Erschienen: June 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and... mehr

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    We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and incentive compatibility. These constraints lead to lower pay levels and more one-size-fits-all structures. Shareholders are the main source of constraints, suggesting directors and investors disagree on how to maximize value. Respondents view intrinsic motivation and reputation as stronger motivators than incentive pay. They believe pay matters to CEOs not to finance consumption, but because it affects perceptions of fairness. The need to fairly recognize the CEO’s contribution explains why flow pay responds to performance, even though CEOs’ equity holdings already provide substantial consumption incentives, and why peer firm pay matters beyond retention concerns. Fairness also matters to investors, with shareholder returns an important reference point. This causes CEO pay to be affected by external risks, in contrast to optimal risk sharing.

     
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    Weitere Identifier:
    hdl: 10419/236704
    Schriftenreihe: CESifo working paper ; no. 9162 (2021)
    Schlagworte: executive compensation; contract theory; CEO incentives; fairness; survey
    Umfang: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  5. Fair shares and selective attention
    Autor*in: Amasino, Dianna; Pace, Davide Domenico; Weele, Joël J. van der
    Erschienen: [2021]
    Verlag:  Tinbergen Institute, Amsterdam, The Netherlands

    Attitudes towards fairness and redistribution differ along socio-economic lines, resulting in political conflict. To understand the formation of such views and find levers to affect them, we study the role of attention. In a large online experiment,... mehr

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    Attitudes towards fairness and redistribution differ along socio-economic lines, resulting in political conflict. To understand the formation of such views and find levers to affect them, we study the role of attention. In a large online experiment, we investigate how subjects allocate their visual attention to the contributions of merit and luck in the generation of a surplus and how they decide on its division. We find that subjects who randomly obtained an advantaged position pay less attention to information about true merit and retain more of the surplus. Both the attentional and behavioral patterns persist, although with smaller effect sizes, when dictators subsequently divide money between pairs of advantaged and disadvantaged subjects in the role of a benevolent judge. Moreover, attention has a substantial causal effect: forcing subjects to look for one second more at merit information relative to overall outcomes reduces the effect of having an advantaged position on allocations by about 25%. These findings open a new window on socio-economic cleavages in attitudes towards redistribution, and suggest that attention-based policy interventions may be effective in reducing polarized views on inequality.

     
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    Weitere Identifier:
    hdl: 10419/248750
    Auflage/Ausgabe: Revision November 2021
    Schriftenreihe: Array ; TI 2021, 066
    Schlagworte: Redistribution; self-serving bias; attention; mouse-tracking; fairness
    Umfang: 1 Online-Ressource (circa 84 Seiten), Illustrationen
  6. On reward sharing in blockchain mining pools
    Autor*in: Can, Burak; Hougaard, Jens Leth; Pourpouneh, Mohsen
    Erschienen: [2021]
    Verlag:  Graduate School of Business and Economics, Maastricht

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    Schriftenreihe: [Research memorandum] / Maastricht University, Graduate School of Business and Economics (GSBE) ; RM/21, 009
    Schlagworte: Blockchain; Bitcoin; fairness; mining pools; resource allocation; mechanism design
    Umfang: 1 Online-Ressource (circa 42 Seiten)
  7. Price discrimination with inequity-averse consumers
    a reinforcement learning approach
    Autor*in: Buchali, Katrin
    Erschienen: 2021
    Verlag:  University of Hohenheim, Dean's Office of the Faculty of Business, Economics and Social Sciences, Stuttgart, Germany

    With the advent of big data, unique opportunities arise for data collection and analysis and thus for personalized pricing. We simulate a self-learning algorithm setting personalized prices based on additional information about consumer sensitivities... mehr

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    Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
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    With the advent of big data, unique opportunities arise for data collection and analysis and thus for personalized pricing. We simulate a self-learning algorithm setting personalized prices based on additional information about consumer sensitivities in order to analyze market outcomes for consumers who have a preference for fair, equitable outcomes. For this purpose, we compare a situation that does not consider fairness to a situation in which we allow for inequity-averse consumers. We show that the algorithm learns to charge different, revenue-maximizing prices and simultaneously increase fairness in terms of a more homogeneous distribution of prices.

     
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    Weitere Identifier:
    hdl: 10419/235530
    Schriftenreihe: Hohenheim discussion papers in business, economics and social sciences ; 2021, 02
    Schlagworte: Preisdiskriminierung; Algorithmus; pricing algorithm; reinforcement learning; Q-learning; price discrimi-nation; fairness; inequity
    Umfang: 1 Online-Ressource (19 Seiten), Illustrationen
  8. How do beliefs about the gender wage gap affect the demand for public policy?
    Autor*in: Settele, Sonja
    Erschienen: [2020]
    Verlag:  CEBI, Department of Economics, University of Copenhagen, Copenhagen

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    Weitere Identifier:
    hdl: 10419/258913
    Schriftenreihe: CEBI working paper series ; 19, 13
    Schlagworte: gender wag gap; beliefs; policy preferences; fairness; information
    Umfang: 1 Online-Ressource (circa 112 Seiten), Illustrationen
  9. Shallow meritocracy: an experiment on fairness views
    Autor*in: Andre, Peter
    Erschienen: September 2021
    Verlag:  ECONtribute, Bonn

    Meritocracies aspire to reward effort and hard work but promise not to judge individuals by the circumstances they were born into. The choice to work hard is, however, often shaped by circumstances. This study investigates whether people's merit... mehr

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    Meritocracies aspire to reward effort and hard work but promise not to judge individuals by the circumstances they were born into. The choice to work hard is, however, often shaped by circumstances. This study investigates whether people's merit judgments are sensitive to this endogeneity of choice. In a series of incentivized experiments with a large, representative US sample, study participants judge how much money two workers deserve for the effort they exerted. In the treatment condition, unequal circumstances strongly discourage one of the workers from working hard. Nonetheless, I find that individuals hold the disadvantaged worker fully responsible for his choice. They do so, even though they understand that choices are strongly influenced by circumstances. Additional experiments identify the cause of this neglect. In light of an uncertain counterfactual state - what would have happened on a level playing field - participants base their merit judgments on the only reliable evidence they possess: observed effort levels. I confirm these patterns in a structural model of merit views and a vignette study with real-world scenarios.

     
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    hdl: 10419/244349
    Schriftenreihe: ECONtribute discussion paper ; no. 115
    Schlagworte: Meritocracy; attitudes toward inequality; redistribution; fairness; responsibility; social preferences; inference; uncertain counterfactual
    Umfang: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  10. Essays in development economics
    Autor*in: Stelter, Matthias
    Erschienen: Frühjahrs-/Sommersemester 2021

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    Universitätsbibliothek Braunschweig
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    Staats- und Universitätsbibliothek Bremen
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    Universitätsbibliothek Clausthal
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    Fachhochschule Erfurt, Hochschulbibliothek
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Universität Hamburg, Universitätsbibliothek
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    Bibliothek der Hochschule Hannover
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    Bibliothek im Kurt-Schwitters-Forum
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Zentrale Hochschulbibliothek Lübeck
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    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
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    Hochschule Magdeburg-Stendal, Hochschulbibliothek
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    Universitätsbibliothek Mannheim
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    Hochschule Osnabrück, Bibliothek Campus Westerberg
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    Hochschule Magdeburg-Stendal, Standort Stendal, Bibliothek
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    UB Weimar
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    Beteiligt: Frölich, Markus (AkademischeR BetreuerIn)
    Sprache: Englisch
    Medientyp: Dissertation
    Format: Online
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    Schlagworte: savings groups; zambia; financial inclusion; informal insurance; fairness; survey participation compensation; informed consent
    Umfang: 1 Online-Ressource (x, 149 Seiten), Illustrationen
    Bemerkung(en):

    Dissertation, Universität Mannheim, 2021
  11. Respecting priorities versus respecting preferences in school choice
    when is there a trade-off?
    Autor*in: Cantillon, Estelle; Chen, Li; Pereyra, Juan
    Erschienen: 11 January 2024
    Verlag:  Centre for Economic Policy Research, London

    A classic trade-off that school districts face when deciding which matching algorithm to use is that it is not possible to always respect both priorities and preferences. The student-proposing deferred acceptance algorithm (DA) respects priorities... mehr

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    Universität Potsdam, Universitätsbibliothek
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    A classic trade-off that school districts face when deciding which matching algorithm to use is that it is not possible to always respect both priorities and preferences. The student-proposing deferred acceptance algorithm (DA) respects priorities but can lead to inefficient allocations. We identify a new condition on school choice markets under which DA is efficient. Our condition generalizes earlier conditions by placing restrictions on how preferences and priorities relate to one another only on the parts that are relevant for the assignment. Whenever there is a unique allocation that respects priorities, our condition captures all the environments for which DA is efficient. We show through stylized examples and simulations that our condition significantly expands the range of known environments for which DA is efficient. We also discuss how our condition sheds light on existing empirical findings.

     
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    Schriftenreihe: Array ; DP18744
    Schlagworte: Matching; envyfreeness; fairness; efficiency; priorities; preferences; mutuallybest pairs
    Umfang: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  12. Justice, Fairness and the Quest for Egalitarian Societies
    Autor*in: Imam, Khalid
    Erschienen: 2016
    Verlag:  LAP LAMBERT Academic Publishing, Saarbrücken

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    Sprache: Englisch
    Medientyp: Ebook
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    ISBN: 9783659872815; 3659872814
    Weitere Identifier:
    9783659872815
    Auflage/Ausgabe: 1. Auflage
    Weitere Schlagworte: (Produktform)Electronic book text; fairness; Folklore; Folktale; Hausa; justice; Kano; Nigeria; society; Tatsuniya; (VLB-WN)1569: Sprachwissenschaft, Literaturwissenschaft/Sonstige Sprachen, Sonstige Literaturen
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    Lizenzpflichtig. - Vom Verlag als Druckwerk on demand und/oder als E-Book angeboten
  13. Bargaining in the absence of property rights
    an experiment
    Autor*in: Bar-Gill, Oren; Engel, Christoph
    Erschienen: 12/2015
    Verlag:  Harvard Law School, Cambridge, MA

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    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 842
    Schlagworte: Coase theorem; absolute vs. relative right; bargaining,efficiency; distribution; fairness
    Umfang: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  14. Giving in the face of risk
    Autor*in: Cettlolin, Elena; Rield, Arno; Tran, Giang
    Erschienen: [2016]
    Verlag:  Graduate School of Business and Economics, Maastricht

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    Format: Online
    Schriftenreihe: [Research memorandum] / Maastricht University, Graduate School of Business and Economics (GSBE) ; RM/16/035
    Schlagworte: fairness; uncertainty; risk; social preferences; risk preferences; experiment
    Umfang: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  15. The concentration of digital markets
    how to preserve the conditions for effective and undistorted competition?
    Autor*in: Marty, Frédéric
    Erschienen: [2021]
    Verlag:  CIRANO, [Montréal]

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    Schriftenreihe: Cahier scientifique / CIRANO ; 2021s, 27
    Schlagworte: contestability; fairness; loyalty; Big Tech; concentration; exclusionary abuses
    Umfang: 1 Online-Ressource (circa 33 Seiten)
  16. Fair governance with humans and machines
    Autor*in: Hermstrüwer, Yoan; Langenbach, Pascal
    Erschienen: May 2022
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    How fair are government decisions based on algorithmic predictions? And to what extent can the government delegate decisions to machines without sacrificing procedural fairness? Using a set of vignettes in the context of predictive policing, school... mehr

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    How fair are government decisions based on algorithmic predictions? And to what extent can the government delegate decisions to machines without sacrificing procedural fairness? Using a set of vignettes in the context of predictive policing, school admissions, and refugee-matching, we explore how different degrees of human-machine interaction affect fairness perceptions and procedural preferences. We implement four treatments varying the extent of responsibility delegation to the machine and the degree of human involvement in the decision-making process, ranging from full human discretion, machine-based predictions with high human involvement, machine-based predictions with low human involvement, and fully machine-based decisions. We find that machine-based predictions with high human involvement yield the highest and fully machine-based decisions the lowest fairness scores. Different accuracy assessments can partly explain these differences. Fairness scores follow a similar pattern across contexts, with a negative level effect and lower fairness perceptions of human decisions in the context of predictive policing. Our results shed light on the behavioral foundations of several legal human-in-the-loop rules.

     
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    Weitere Identifier:
    hdl: 21.11116/0000-000A-80A0-F
    hdl: 10419/274053
    Auflage/Ausgabe: This version: 23 May 2022
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2022, 4
    Schlagworte: algorithms; predictive policing; school admissions; refugee-matching; fairness
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  17. "They Never Had a Chance"
    unequal opportunities and fair redistributions
    Autor*in: Dong, Lu; Huang, Lingbo; Lien, Jaimie W
    Erschienen: July 2022
    Verlag:  CEDEX, Centre for Decision Research & Experimental Economics, Nottingham

    A meritocratic fairness ideal is generally believed to regard income inequality as fair if it stems from performance differentials rather than luck. In this study, we present experimental evidence showing that merit judgments are shaped by the source... mehr

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    A meritocratic fairness ideal is generally believed to regard income inequality as fair if it stems from performance differentials rather than luck. In this study, we present experimental evidence showing that merit judgments are shaped by the source of performance differentials while holding fixed the underlying impact on willingness to perform. Inspired by real-world phenomena which generate inequality, we investigate two types of unequal opportunities that impact performance: educational quality and employment opportunity. Contrary to some previous findings that merit judgements are often insensitive to unequal circumstances, we find that individuals are more inclined to split resources equally when the performance differential involves either type of unequal opportunity. We also find that when participants were given the option to expend personal effort to reveal information about the presence of unequal opportunity, a substantial number of them declined to do so, but held optimistic beliefs about the social norm of seeking such information. These findings enrich our understanding of the factors that lead individuals to support income redistribution, while also obtaining an assessment regarding to what degree redistributing third-party decision-makers are vested in these choices.

     
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    Weitere Identifier:
    hdl: 10419/284269
    Auflage/Ausgabe: This Version: July 6, 2022
    Schriftenreihe: CeDEx discussion paper series ; no. 2022, 11
    Schlagworte: Meritocracy; fairness; redistribution; socio-economic inequality; unequal opportunity; procedural fairness attitude
    Umfang: 1 Online-Ressource (circa 99 Seiten), Illustrationen
  18. Fairness and the support of redistributive environmental policies
    Autor*in: Andor, Mark Andreas; Lange, Andreas; Sommer, Stephan
    Erschienen: [2021]
    Verlag:  SFB 823, [Dortmund]

    Exemptions from costly policy measures are frequently applied to alleviate financial burdens to specific market participants. Using a stated-choice experiment with around 6,000 German household heads, we test how exemptions for lowincome households... mehr

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    Exemptions from costly policy measures are frequently applied to alleviate financial burdens to specific market participants. Using a stated-choice experiment with around 6,000 German household heads, we test how exemptions for lowincome households and energy-intensive companies influence the political acceptability of additional cost for the promotion of renewable energies. We find that the support for the policy is substantially higher when low-income households are exempt rather than the industry. Introducing exemptions for low-income households on top of existing exemptions for the industry increases the acceptability of the policy. We show that the support for exemptions as one example of distributional policy design is associated with individual behavioral measures like inequality aversion and fairness perceptions.

     
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 2003/40652
    Schriftenreihe: Discussion paper / SFB 823 ; Nr. 2021, 30
    Schlagworte: fairness; discrete choice experiment; behavioral economics; political acceptance; exemptions renewable energy; environmental policy; distributional effects
    Umfang: 1 Online-Ressource (40 Seiten, 332,49 KB), Diagramme
    Bemerkung(en):

    Literaturverzeichnis: Seite 24-28
  19. Why people oppose trade institutions
    on morality, fairness and risky actions
    Autor*in: Hauge, Karen E.; Kverndokk, Snorre; Lange, Andreas
    Erschienen: December 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We investigate how moral considerations, background conditions and risk can trigger resistance to implement trading institutions. We provide survey results on moral opposition to trade on several goods and services like body organs, sex services,... mehr

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    We investigate how moral considerations, background conditions and risk can trigger resistance to implement trading institutions. We provide survey results on moral opposition to trade on several goods and services like body organs, sex services, surrogate mothers, trade with developing nations, and trade with carbon emissions. Complementary experimental evidence allows identifying reasons for opposing trade going beyond pure moral considerations. We relate the opposition to trade in experimental and field contexts to an aversion to imposing risks on others. We then vary both background conditions and the riskiness from engaging in actual trade in the experiment. We show that distributional concerns primarily drive opposition to trade. Providing less information about individual background conditions and distributing gains from trade more equally alleviates opposition to trade.

     
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    hdl: 10419/249001
    Auflage/Ausgabe: This version: November 2021
    Schriftenreihe: CESifo working paper ; no. 9456 (2021)
    Schlagworte: trade; morality; fairness; distribution; experiment
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  20. Misperceiving economic success
    experimental evidence on meritocratic beliefs and inequality acceptance
    Autor*in: Fehr, Dietmar; Vollmann, Martin
    Erschienen: September 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Meritocratic beliefs are often invoked as justification of inequality. We provide evidence on how meritocratic beliefs are shaped by economic status and how they contribute to the moral justification of inequality. In a large-scale survey experiment... mehr

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    Meritocratic beliefs are often invoked as justification of inequality. We provide evidence on how meritocratic beliefs are shaped by economic status and how they contribute to the moral justification of inequality. In a large-scale survey experiment in the US, we show that success causes a change in beliefs about success depending on effort rather than luck. Exploiting exogenous variation in meritocratic beliefs in a two-stage analysis shows that beliefs affect how much inequality people accept. Successful people prefer to remain ignorant about the true underlying reasons for success and there is no evidence that beliefs are moderated by political orientation.

     
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    hdl: 10419/266018
    Schriftenreihe: CESifo working paper ; no. 9983 (2022)
    Schlagworte: meritocratic beliefs; inequality acceptance; fairness; political views; survey experiment
    Umfang: 1 Online-Ressource (circa 89 Seiten), Illustrationen
  21. Technological change, task complexity, and preferences for redistribution
    Autor*in: Hope, David; Limberg, Julian; Weber, Nina
    Erschienen: June 2023
    Verlag:  ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich, Germany

    Technological change has fundamentally transformed the US labour market in recent decades, with high-earning jobs becoming increasingly focused on nonroutine, complex tasks. We provide a first experimental test of whether fairness perceptions and... mehr

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    Technological change has fundamentally transformed the US labour market in recent decades, with high-earning jobs becoming increasingly focused on nonroutine, complex tasks. We provide a first experimental test of whether fairness perceptions and preferences for redistribution differ when top earners gain their incomes through luck, routine work, or complex work. We find that the desired tax rate on top earners is up to 5.3 percentage points lower for the complex work treatment compared to the routine work treatment. Interestingly, performance on complex tasks is also more likely to be seen as the result of inherited intelligence.

     
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    hdl: 10419/272305
    Schriftenreihe: Ifo working papers ; 398 (2023)
    Schlagworte: Top income tax; technological change; redistribution; distributive preferences; fairness
    Umfang: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  22. Prosocial risk-taking
    growing the pie or increasing your slice?
    Autor*in: Weber, Nina
    Erschienen: June 2023
    Verlag:  ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich, Germany

    Many personally risky decisions, such as innovation and entrepreneurship, have the potential to increase overall welfare by creating positive externalities for society. Rewarding such prosocial risk-taking may be an important strategy in addressing... mehr

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    Many personally risky decisions, such as innovation and entrepreneurship, have the potential to increase overall welfare by creating positive externalities for society. Rewarding such prosocial risk-taking may be an important strategy in addressing societal challenges like, for example, the climate emergency, by promoting innovation that has positive externalities for the environment. A fundamental constraint for policy makers in rewarding such behaviour are however individuals' distributive preferences. In this paper, I provide a theoretical framework and a first experimental test of how distributive preferences are affected by potential positive externalities of risky behaviour.

     
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    Schriftenreihe: Ifo working papers ; 399 (2023)
    Schlagworte: Prosocial risk-taking; externalities; distributive preferences; fairness
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  23. Fair and efficient allocations when preferences are singledipped
    Autor*in: Dietzenbacher, Bas; Tamura, Yuki
    Erschienen: [2023]
    Verlag:  Maastricht University School of Business and Economics, Graduate School of Business and Economics, Maastricht, The Netherlands

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    Schriftenreihe: [Research memorandum] / Maastricht University School of Business and Economics, Graduate School of Business and Economics (GSBE) ; RM/23, 009
    Schlagworte: resource allocation; single-dipped preferences; Pareto optimality; fairness
    Umfang: 1 Online-Ressource (circa 17 Seiten), Illustrationen
  24. On future allocations of scarce resources without explicit discounting factors
    Autor*in: Bonnisseau, Jean-Marc; Chateauneuf, Alain; Drugeon, Jean-Pierre
    Erschienen: [2023]
    Verlag:  Centre d'économie de la Sorbonne, Paris

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    Schriftenreihe: Documents de travail du Centre d'économie de la Sorbonne ; 2023, 04
    Schlagworte: intertemporal allocation; multiple regimes; discount rates; fairness; probability intervals; capacities
    Umfang: 1 Online-Ressource (circa 26 Seiten)
  25. Inequality of opportunity and income redistribution
    Autor*in: Preuß, Marcel; Reyes, Germán; Somerville, Jason; Wu, Joyce
    Erschienen: April 2023
    Verlag:  CESifo, Munich, Germany

    We examine how people redistribute income when there is uncertainty about the role luck plays in determining opportunities and outcomes. We elicit redistribution decisions from a U.S.-representative sample who observe worker outcomes and whether luck... mehr

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    We examine how people redistribute income when there is uncertainty about the role luck plays in determining opportunities and outcomes. We elicit redistribution decisions from a U.S.-representative sample who observe worker outcomes and whether luck magnified workers' effort ("lucky opportunities") or determined workers' income directly ("lucky outcomes"). We find that participants redistribute less and are less reactive to changes in the importance of luck in environments with lucky opportunities. Our findings have implications for models that seek to understand and predict redistribution attitudes, and help to explain the gap between lab evidence on support for redistribution and U.S. inequality trends.

     
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    Schriftenreihe: CESifo working papers ; 10383 (2023)
    Schlagworte: inequality of opportunity; fairness; luck; perceptions
    Umfang: 1 Online-Ressource (circa 63 Seiten), Illustrationen