Journal article 168 views
Social preferences on networks
Sarah Rezaei 
,
Stephanie Rosenkranz,
Utz Weitzel,
Bastian Westbrock
,
Stephanie Rosenkranz,
Utz Weitzel,
Bastian Westbrock
Journal of Public Economics, Volume: 234, Start page: 105113
Swansea University Author:
Bastian Westbrock
Full text not available from this repository: check for access using links below.
DOI (Published version): 10.1016/j.jpubeco.2024.105113
Abstract
Social preferences are a powerful determinant of human behavior. We study their behavioral implications within the context of a network game. A key feature of our game is the existence of multiple equilibria that widely differ in terms of their payoff distributions. Determining which equilibrium is...
| Published in: | Journal of Public Economics |
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| ISSN: | 0047-2727 |
| Published: |
Elsevier BV
2024
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| Online Access: |
Check full text
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa67534 |
| Abstract: |
Social preferences are a powerful determinant of human behavior. We study their behavioral implications within the context of a network game. A key feature of our game is the existence of multiple equilibria that widely differ in terms of their payoff distributions. Determining which equilibrium is most plausible is thus a key concern. We show that introducing social preferences into the game can resolve the problem of equilibrium multiplicity. However, the selected equilibria do not necessarily yield more efficient or egalitarian payoff distributions. Rather, they just reinforce the inequality that is already inherent in a network structure. We validate these predictions in an experiment and discuss their implications for managerial practice and behavior in larger networks. |
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| Keywords: |
Social preferences, Network games, Public goods |
| College: |
Faculty of Humanities and Social Sciences |
| Start Page: |
105113 |