State dependence in sequential equity judgements
نویسندگان
چکیده
We report the results from a questionnaire-type experiment designed to elicit whether individuals decide in accordance with the equity axiom constituent for Rawls’s second principle. The experiment is sequential in nature. Hence it generates data with panel data properties. We use recently developed panel data methods for studying the role that state dependence and unobservable individual-specific effects play for the observed equity judgements. The results indicate that a dominant share of our probants initially adhere to Hammond’s equity axiom, but that many of these leave the Rawlsian position at later stages of the experiment. Although state dependence plays a significant role it cannot alone explain the observed decision behavior. In some situations individual-specific effects are operating. JEL classification: D71; D63; C23; C93
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ورودعنوان ژورنال:
- Social Choice and Welfare
دوره 37 شماره
صفحات -
تاریخ انتشار 2011