|
EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers, MPI für Ökonomik >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/56832
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Güth, Werner | | en_US |
| dc.contributor.author | | Levati, M. Vittoria | | en_US |
| dc.contributor.author | | Montinari, Natalia | | en_US |
| dc.date.accessioned | | 2012-02-24 | | en_US |
| dc.date.accessioned | | 2012-04-11T09:28:25Z | | - |
| dc.date.available | | 2012-04-11T09:28:25Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/56832 | | - |
| dc.description.abstract | | We 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.iso | | eng | | en_US |
| dc.publisher | | Univ. [u.a.] Jena | | en_US |
| dc.relation.ispartofseries | | Jena economic research papers 2012,005 | | en_US |
| dc.subject.jel | | C92 | | en_US |
| dc.subject.jel | | D02 | | en_US |
| dc.subject.jel | | D71 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | bidding behavior | | en_US |
| dc.subject.keyword | | procedural fairness | | en_US |
| dc.subject.keyword | | voting paradox | | en_US |
| dc.subject.stw | | Gruppenentscheidung | | en_US |
| dc.subject.stw | | Ranking-Verfahren | | en_US |
| dc.subject.stw | | Gerechtigkeit | | en_US |
| dc.subject.stw | | Abstimmungsparadoxon | | en_US |
| dc.subject.stw | | Test | | en_US |
| dc.subject.stw | | Subvention | | en_US |
| dc.subject.stw | | Steuer | | en_US |
| dc.title | | Ranking alternatives by a fair bidding rule: A theoretical and experimental analysis | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 68747017X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|