Replication data for: Social Preferences and Strategic Uncertainty: An Experiment on Markets and Contracts

Name: Replication data for: Social Preferences and Strategic Uncertainty: An Experiment on Markets and Contracts
Published: 2010-12-01
License: This work is licensed under an Other license created by the data depositor. Please refer to the LICENSE file, which should be located alongside the project data and documentation.
Keywords: Experimental economics

Principal Investigator(s): View help for Principal Investigator(s) Antonio Cabrales; Raffaele Miniaci; Marco Piovesan; Giovanni Ponti

Version: View help for Version V1

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AER20061065_Data			09/14/2021 01:35:PM
LICENSE.txt	text/plain	14.6 KB	10/11/2019 11:08:AM

Project Citation:

Cabrales, Antonio, Miniaci, Raffaele, Piovesan, Marco, and Ponti, Giovanni. Replication data for: Social Preferences and Strategic Uncertainty: An Experiment on Markets and Contracts. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112387V1

Project Description

Summary: This paper reports a three-phase experiment on a stylized labor market. In the first two phases, agents face simple games, which we use to estimate subjects' social and reciprocity concerns. In the last phase, four principals compete by offering agents a contract from a fixed menu. Then, agents "choose to work" for a principal by selecting one of the available contracts. We find that (i) (heterogeneous) social preferences are significant determinants of choices, (ii) for both principals and agents, strategic uncertainty aversion is a stronger determinant of choices than fairness, and (iii) agents display a marked propensity to work for principals with similar distributional concerns. (JEL D82, D86, J41)

Scope of Project

Subject Terms: Experimental economics

JEL Classification:
      D82 Asymmetric and Private Information; Mechanism Design
      D86 Economics of Contract: Theory
      J41 Labor Contracts

Geographic Coverage: Spain

Data Type(s): experimental data

Methodology

Unit(s) of Observation: Individuals,

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V1 [2019-10-11]

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