This paper theoretically explores the role of elites in the rise of progressive taxation in Western countries at the beginning of the XXth century and in its posterior erosion in the last four decades. We focus on its interaction with the level of inequality between the elite and the citizens.We...

In this paper we study cultural diversity in values or personal norms concerning effort or work ethics, the related and observable diversity in behavior and its economic consequences. Our goal is to investigate the impact on this type of cultural diversity of primitive economic and behavioral...

We investigate the effect of punishment in a trust game with endowment heterogeneity in which the investor may punish the allocator at a cost. Our results indicate that the effect of the punishment crucially depends on the investor’s capacity of punishment, that is measured in our experiment...