Are Notions of Fairness Path‐Dependent? Experimental Evidence from an Efficiency‐Wage Environment
Stan Hu; Stuart Mestelman; William Scarth;
We extend the study of efficiency‐wage environments via laboratory experiments in three ways. First, we introduce exogenous shocks that increase the opportunity for rejection of the gift‐exchange outcome. These additional tests emerge since we carefully derive a series ... View more
Fixed-effects (within) regression Group variable: Session R-sq: within = 0.2556 between = .
overall = 0.1687 Fixed-effects (within) regression Group variable: Session R-sq: within = 0.1095 between = 0.0000 overall = 0.0797 Number of obs = 180 Number of groups = 6 Obs per group: min = 30 avg = 30.0 max = 30 F(3, 5) = 2.66 Prob > F = 0.1591 (Std. Err. adjusted for 6 clusters in Session) Period -0.0015286 State -0.2135673 PeriodState 0.0115344 _cons 0.9200154