The willingness to pay for voice in dictator games

Pascal Langenbach and Tim Friehe

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2023, vol. 107, issue C

Abstract: Voice is valuable in relationships, but how much are people willing to pay for it? This paper reports findings about recipients’ willingness to pay for voice in standard dictator games. From our data, we obtain two key findings: first, people underestimate the true value of voice and, second, they are particularly skeptical of the value of voice after an irrevocable allocation decision has already been made (i.e., people underrate the benefits from anticipated messages).

Keywords: Dictator game; Communication; Willingness to pay; Social preferences (search for similar items in EconPapers)
JEL-codes: C91 D83 D91 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:107:y:2023:i:c:s221480432300143x

DOI: 10.1016/j.socec.2023.102117

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