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Reciprocity is one of the main basic social relations that constitute societies. It consists of being favourable to others because others are favourable to you (and not from an exchange in the strict sense). It rests on three possible rationales: (1) balance (comparison, matching), often related...
Persistent link: https://www.econbiz.de/10014023677
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
Altruism, giving and pro-social conduct, and reciprocity, are the basis of the existence and performance of societies … (which they sometimes also create); and in charity and specific organizations. Altruism has various origins: it can be … hedonistic or natural altruism in empathy, affection, sympathy, emotional contagion, pity, and compassion; or normative altruism …
Persistent link: https://www.econbiz.de/10014023682
Are some individuals generally more pro-social than others? If so, socially beneficial commitments could serve as a costly screening device helping the pro-social to match. We present a public good game experiment in which subjects choose between two group types: in blue groups, subjects receive...
Persistent link: https://www.econbiz.de/10010574375
considers the roles that altruism and reciprocity might play in cooperatives, and it discusses the recent, largely experimental …
Persistent link: https://www.econbiz.de/10014023656
Warm-glow refers to other-serving behavior that is valuable for the actor per se, apart from its social implications. We provide axiomatic foundations for warm-glow by viewing it as a form of preference for larger choice sets driven by one's desire for freedom to act selfishly. Specifically, an...
Persistent link: https://www.econbiz.de/10010391946
The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan Household Panel Survey on Consumer Preferences and...
Persistent link: https://www.econbiz.de/10014635707
We examine the combined effects of popularity and feelings of being important to reaching a goal by testing how people react to situations in which their own behavior is pivotal or not, as well as the popularity of the action. We conduct a laboratory experiment to cleanly fix beliefs about the...
Persistent link: https://www.econbiz.de/10014247963
We study the impact of altruism on the stability of international climate agreements. We consider the standard two … stage and abatement levels are chosen at the second stage. We modify the game to consider altruism in the participation … types of altruism: impartial altruism, where countries show a concern for all other countries, and community altruism, where …
Persistent link: https://www.econbiz.de/10010594461
cooperation may be less than additive. Using a utility function embodying both reciprocity and altruism we show that unconditional … altruism attenuates the punishment motive and thus may reduce the level of punishment inflicted on defectors, resulting in … lower levels of contribution. Increases in altruism may also reduce the level of benefits from the public project net of …
Persistent link: https://www.econbiz.de/10010594637