Knowledge, power, and self-interest
Georg Kanitsar and
Journal of Public Economics, 2017, vol. 150, issue C, 39-52
The paperreports the results of a laboratory experiment assessing the impact of social position (endowment) and power (structurally advantaged or disadvantaged network positions) on redistributive decisions, which involve a classical efficiency-equality trade-off. The experiment involves three decision conditions: veil of ignorance, informed dictator, and majority vote. We use a three-person social-preference model in order to derive hypotheses on the effect of knowledge and power on tax choices. Our results confirm that disclosing the social position raises the measured self-interest (Knowledge Effect) and that mandating a majority vote results in concessions, the size of which depends on the player's structural position in the network (Power Effect).
Keywords: Redistribution; Power; Self-interest; Inequality; Network; Experiment (search for similar items in EconPapers)
JEL-codes: D72 D63 C92 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:pubeco:v:150:y:2017:i:c:p:39-52
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