There are striking differences in inequality and redistribution between the United States and
Scandinavia. To study whether there are corresponding differences in social preferences …

Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We
describe models of intertemporal choice, identify empirical regularities in choice, and pose …

We usually assume purchasers of commodities experience utility at the point of transacting a
purchase, when money and ownership are exchanged. With charitable giving, the social …

Decisions about how to share resources with others often need to be taken under
uncertainty regarding its allocational consequences. Although risk preferences are likely …

Disentangling effort and luck is critical when evaluating outcomes. In a principal-agent
experiment, we demonstrate that principals' judgments of agents are biased by luck, despite …

Much of economics assumes that higher incentives increase participation in a transaction
only because they exceed more people's reservation price. This paper shows theoretically …

Literature on fairness preferences distinguishes between outcome fairness, concerning the
final allocation of payoffs, and process fairness, concerning the expected allocation of …

Distributional decisions regularly involve multiple payoff components. In a series of
experiments, we show that individuals sometimes exhibit narrow equity concerns: applying …

Labor market opportunities and wages may be unfair for various reasons, and how workers
respond to different types of unfairness can have major economic consequences. Using an …

We extend a simple repeated, multilateral bargaining model to allow successful agenda
setters to hold on to power as long as they maintain the support of a majority of other …