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Understanding if altruism motivates intergenerational monetary transfers is crucial to assess the effectiveness of … public policies that redistribute income across generations. Previous works have rejected the altruism hypothesis. This paper … presents an altruism model that incorporates effort of the child and introduces imperfect information of parents about the …
Persistent link: https://www.econbiz.de/10010547132
In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of...
Persistent link: https://www.econbiz.de/10010547299
We model asymmetric information arising from physician agency, and its effect on the design of payment and healthcare quantity. The physician-patient coalition aims to maximize a combination of physician profit and patient benefit. The degree of substitution between profit and patient benefit in...
Persistent link: https://www.econbiz.de/10005136809
We model asymmetric information arising from physician agency, and its effect on the design of payment and healthcare quantity. The physician-patient coalition aims to maximize a combination of physician profit and patient benefit. The degree of substitution between profit and patient benefit in...
Persistent link: https://www.econbiz.de/10005443372