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Zoekopdracht: faculteit: "FEB" en publicatiejaar: "2002"

AuteursR.A.J. Bosman, F.A.A.M. van Winden
TitelEmotional Hazard in a Power-to-Take Experiment
TijdschriftEconomic Journal
Jaargang112
Jaar2002
Pagina's147-169
ISSN00130133
FaculteitFaculteit Economie en Bedrijfskunde
Instituut/afd.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
TrefwoordenUltimatum games; Economic theory; Fairness; Expectations
SamenvattingIn this experimental study of a two player power-to-take game, players earn an income in an individual effort task preceding the game. The game has two stages. First, one player can claim any part of the other s income take rate. Then, the latter player can respond by destroying own income. We focus on how emotions influence responses and show:1 a higher take rate increases (decreases) intensity of negative (positive) emotions;2 negative emotions drive destruction;3 at high emotional intensity, responders destroy everything;4 expectations affect the probability of punishment. Emotional hazard is identified as a new source of efficiency costs.
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