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Does procedural fairness crowd out other-regarding concerns? A bidding experiment

  • Werner Güth

    ()

    (Max Planck Institute of Economics, Strategic Interaction Group)

  • M. Vittoria Levati

    ()

    (Max Planck Institute of Economics, Strategic Interaction Group)

  • Matteo Ploner

    (Department of Economics, CEEL, University of Trento, Italy)

Bidding rules that guarantee procedural fairness may induce more equilibrium bidding and moderate other-regarding concerns. In our experiment, we assume commonly known true values and only two bidders to implement a best-case scenario for other-regarding concerns. The two-by-two factorial design varies ownership of the single indivisible commodity (an outside seller versus collective ownership) and the price rule (first versus second price). Our results indicate more equilibrium behavior under the procedurally fair price rule, what, however, does not completely crowd out equality and efficiency seekin

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File URL: http://pubdb.wiwi.uni-jena.de/pdf/wp_2010_073.pdf
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Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2010-073.

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Date of creation: 26 Oct 2010
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Handle: RePEc:jrp:jrpwrp:2010-073
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  1. Nadine Chlaß & Werner Güth & Topi Miettinen, 2009. "Beyond Procedural Equity and Reciprocity," Jena Economic Research Papers 2009-069, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
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