57 research outputs found
The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions
We present a comprehensive experimental design that makes it possible to characterize other-regarding preferences and their relationship to the decision maker’s relative position. Participants are faced with a large number of decisions involving variations in the trade-offs between own and other’s payoffs, as well as in other potentially important factors like the decision maker’s relative position. We find that: (1) choices are responsive to the cost of helping and hurting others; (2) The weight a decision maker places on others’ monetary payoffs depends on whether the decision maker is in an advantageous or disadvantageous relative position; and (3) We find no evidence of reciprocity of the type linked to menu-dependence. The results of a mixture-model estimation show considerable heterogeneity in subjects’ motivations and confirm the absence of reciprocal motives. Pure selfish behavior is the most frequently observed behavior. Among the subjects exhibiting social preferences, social-welfare maximization is the most frequent, followed by inequality-aversion and by competitiveness
No such thing as a perfect hammer: comparing different objective function specifications for optimal control
Reforming Europe's stability and growth pact: Lessons from the American experience in macrobudgeting
Regional and Sectoral Effects of a Common Monetary Policy: Evidence from Euro Referenda in Denmark and Sweden
The effects of fiscal policy on consumption and employment Theory and evidence
Issued under the auspices of the Centre's research programme in International MacroeconomicsAvailable from British Library Document Supply Centre-DSC:3597.9512(no 2760) / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo
Government size and automatic stabilizers International and intranational evidence
SIGLEAvailable from British Library Document Supply Centre-DSC:3597.9512(2259) / BLDSC - British Library Document Supply CentreGBUnited Kingdo
Photomodulation of physicochemical properties in an amino acid conjugate containing eight azobenzene units
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