EAN: 9789811001369

SOCIAL PREFERENCE INSTITUTION AND DISTRIBUTION ...

This is the first book to examine behavioral theories on social preference from institutional
and philosophical perspectives using economic experiments. The experimental method in economics
has challenged central behavioral assumptions based on rationality and selfishness  proposing
empirical evidence that not only profit seeking but also social preferences matter in
individuals' decision making. By performing distribution experiments in institutional contexts
the author extends assumptions about human behavior to understand actual social economy. The
book also aims to enrich behavioral theories of economics directed toward institutional
evolution.The author scrutinizes how specific institutional conditions enhance or mute
individuals' selfish incentives or their fairness ideals such as egalitarian  performance-based
labor-value radicalism or libertarianism. From experimental results and their analysis 
implications for actual problems in social economy and institutional changeare derived: why
performance-based pay often fails to promote workers' productivity  why labor wages decline
whereas shareholder's values increase after financialization  and whether socially responsible
investment can be a social institution for corporate governance.The book is also addressed to
philosophers of social sciences interested in how experimental methods can contribute to
developing cognition of human behaviors and be extended to social theories. Referring to
behavioral theorists in the history of economic thought  the author discusses the meanings of
experiments in the methodology of social sciences. She also proposes new ways of interpreting
experimental results by reviving historic social theories and applying them to actual social
problems.

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