UniversityECON4260 Lectures 2013


ECON4260 BEHAVIORAL ECONOMICS — SPRING SEMESTER 2013
Literature on Topic 3: Social preferences and fairness.
Entries in bold constitute the curriculum.

Overview:

·  Fehr, E., and U. Fischbacher (2002). "Why Social Preferences Matter – the Impact of Non-Selfish Motives on Competition, Cooperation and Incentives", Economic Journal 112, C1-C33.

·  Sobel, J. (2005). "Interdependent Preferences and Reciprocity", Journal of Economic Literature 43, 392-436. (Chapter 5 can be skipped.)

 

Experimental economics:

·  Camerer, C. (2003). "Dictator, Ultimatum, and Trust Games", Behavioral Game Theory. Experiments in Strategic Interaction (Princeton University Press/Russell Sage Foundation), pages 43-100. (Available in compendium at Akademika)

 

Inequality aversion   

·  Fehr, Ernst, and K. M. Schmidt (1999). "A Theory of Fairness, Competition, and Cooperation", Quarterly Journal of Economics 114, 817-868.

·  Camerer, C. (2003). "Dictator, Ultimatum, and Trust Games", Behavioral Game Theory. Experiments in Strategic Interaction (Princeton University Press/Russell Sage Foundation), pages 101-104. (Compendium)

 

Reciprocity

·  Camerer, C. (2003). "Dictator, Ultimatum, and Trust Games", Behavioral Game Theory. Experiments in Strategic Interaction (Princeton University Press/Russell Sage Foundation), pages 105-117   (Chapter 2.8.4, Extensive-Form Fairness Equilibrium, can be skipped). (Compendium)

·  Rabin, M. (1993): “Incorporating Fairness into Game Theory and Economics”, American Economic Review 83, 1281-1302.

·  Fehr, E., and S. Gächter (2002). "Altruistic Punishment in Humans", Nature 415, 137-140.

 

Altruism   

·  Nyborg, K., and M. Rege (2003): Does Public Policy Crowd Out Private Contributions to Public Goods? Public Choice 115 (3): 397-418.

·  Brekke, K. A., and K. Nyborg (2008): Attracting Responsible Employees: Green Production as Labor Market Screening, Resource and Energy Economics 39, 509-526.

Andreoni, J. (1989). "Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence", Journal of Political Economy 97 (6), 1447-1458.

·  Frey, B. (1992). "Pricing and Regulating Affect Environmental Ethics", Environmental and Resource Economics 2, 399-414.

 

Social norms and social approval

·  Young, H.P. (1998): Social Norms and Economic Welfare, European Economic Review 42 , 821-830 (only Sections 1-4 are compulsory reading).

Nyborg, K., and M. Rege (2003). "On Social Norms: The Evolution of Considerate Smoking Behavior", Journal of Economic Behavior and Organization  52, 323-340.

·  Lindbeck, A. (1997): "Incentives and Social Norms in Household Behavior", American Economic Review 87 (2), 370-377.  

·  Akerlof, G.A. (1980). “A Theory of Custom, of Which Unemployment May be One Consequence”, Quarterly Journal of Economics 94 (4), 749-775.


Last modified: 17 Dec 2012