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dc.contributor.authorGüth, Werneren_US
dc.contributor.authorLevati, M. Vittoriaen_US
dc.contributor.authorMontinari, Nataliaen_US
dc.date.accessioned2012-02-24en_US
dc.date.accessioned2012-04-11T09:28:25Z-
dc.date.available2012-04-11T09:28:25Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/56832-
dc.description.abstractWe introduce a procedurally fair rule to study a situation where people disagree about the value of three alternatives in the way captured by the voting paradox. The rule allows people to select a final collective ranking by submitting a bid vector with six components (the six possible rankings of the three alternatives). In a laboratory experiment we test the robustness of the rule to the introduction of subsidies and taxes. We have two main results. First, in all treatments, the most frequently chosen ranking is the socially efficient one. Second, subsidies slightly enhance overbidding. Furthermore, an analysis of individual bid vectors reveals interesting behavioral regularities.en_US
dc.language.isoengen_US
dc.publisherUniv. [u.a.] Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2012,005en_US
dc.subject.jelC92en_US
dc.subject.jelD02en_US
dc.subject.jelD71en_US
dc.subject.ddc330en_US
dc.subject.keywordbidding behavioren_US
dc.subject.keywordprocedural fairnessen_US
dc.subject.keywordvoting paradoxen_US
dc.subject.stwGruppenentscheidungen_US
dc.subject.stwRanking-Verfahrenen_US
dc.subject.stwGerechtigkeiten_US
dc.subject.stwAbstimmungsparadoxonen_US
dc.subject.stwTesten_US
dc.subject.stwSubventionen_US
dc.subject.stwSteueren_US
dc.titleRanking alternatives by a fair bidding rule: A theoretical and experimental analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn68747017Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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