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Does Procedural Fairness Crowd Out Other-Regarding Concerns? A Bidding Experiment

Bidding rules that guarantee procedural fairness may induce more equilibrium bidding and moderate other-regarding concerns. Here, we investigate procedural fairness as in Güth (2011). In our experiment, we assume commonly known true values and only two bidders to implement a best-case scenario... Full description

1st Person: Güth, Werner verfasserin
Additional Persons: Levati, M. Vittoria verfasserin; Ploner, Matteo verfasserin
Source: in Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift für die gesamte Staatswissenschaft Vol. 169, No. 3 (2013), p. 433-450
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Type of Publication: Article
Language: English
Published: 2013
Online: Volltext
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