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Self interest and justice principle

Author

Listed:
  • Luis José Blas Moreno Garrido

    () (Dpto. Fundamentos del Análisis Económico)

  • Ismael Rodríguez Lara

    (Universidad de Alicante)

Abstract

We introduce non-enforceable property rights over bargaining surplus in a dictator game with production, in which the effort of the agents is differentially rewarded. Using experimental data we elicit individual preferences over the egalitarian, the accountability and the libertarian principle and provide evidence to support the inability of these justice principles to account for the observed behavior. Although this finding is consistent with the idea of individuals interpreting justice principles differently, we show that dictators behave self-interested concerning redistribution and choose which justice principle best maximizes their own payoff. We interpret this result as the justice norm imposing a constraint on otherwise self-maximizing agents.

Suggested Citation

  • Luis José Blas Moreno Garrido & Ismael Rodríguez Lara, 2010. "Self interest and justice principle," Working Papers. Serie AD 2010-13, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasad:2010-13
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    File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2010-13.pdf
    File Function: Fisrt version / Primera version, 2010
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    References listed on IDEAS

    as
    1. Rutstrom, E. Elisabet & Williams, Melonie B., 2000. "Entitlements and fairness:: an experimental study of distributive preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 43(1), pages 75-89, September.
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    More about this item

    Keywords

    dictator game; justice principles; self-interest; self-serving bias.;

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D3 - Microeconomics - - Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • P14 - Economic Systems - - Capitalist Systems - - - Property Rights

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