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作者:Plott, CR; Zeiler, K
作者单位:California Institute of Technology; Georgetown University
摘要:We conduct experiments to explore the possibility that subject misconceptions, as opposed to a particular theory of preferences referred to as the endowment effect, account for reported gaps between willingness to pay (WTP) and willingness to accept (WTA). The literature reveals two important facts. First, there is no consensus regarding the nature or robustness of WTP-WTA gaps Second, while experimenters are careful to control for subject misconceptions, there is no consensus about the fundam...
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作者:Hay, B; Spier, KE
作者单位:Harvard University; Northwestern University
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作者:Acemoglu, D; Johnson, S; Robinson, JA; Yared, P
作者单位:Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Harvard University
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作者:Fullerton, D; Gan, L
作者单位:University of Texas System; University of Texas Austin; National Bureau of Economic Research
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作者:Parry, IWH
作者单位:Resources for the Future
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作者:Karlan, DS
作者单位:Yale University
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作者:Alesina, A; Angeletos, GM
作者单位:Harvard University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要:Different beliefs about the fairness of social competition and what determines income inequality influence the redistributive policy chosen in a society. But the composition of income in equilibrium depends on tax policies. We show how the interaction between social beliefs and welfare policies may lead to multiple equilibria or multiple steady states. If a society believes that individual effort determines income, and that all have a right to enjoy the fruits of their effort, it will choose l...
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作者:Parry, IWH; Small, KA
作者单位:University of California System; University of California Irvine
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作者:Holt, CA; Laury, SK
作者单位:University of Virginia; University System of Georgia; Georgia State University
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作者:Aizer, A; Lleras-Muney, A; Stabile, M
作者单位:Brown University; Princeton University; Princeton University; University of Toronto