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Fiscal Policy with Agents Differing in Altruism and in Ability

Michel, Philippe; Pestieau, Pierre - C.E.P.R. Discussion Papers - 2004

social security system and inheritance taxation) in an overlapping generations model with perfect altruism. It generalizes … productivity and altruism. Within such a model wealth is entirely held in the steady-state by the families with the highest degree … of altruism. Under plausible assumptions both public debt and social security are neutral à la Ricardo, while increasing …

Persistent link: https://www.econbiz.de/10005504719

Asymmetry of Information within Family Networks

De Weerdt, Joachim; Genicot, Garance; Mesnard, Alice - C.E.P.R. Discussion Papers - 2014

migrants regarding non-migrants. We develop a static model of asymmetric information that contrasts altruism, pressure and …

Persistent link: https://www.econbiz.de/10011084616

Theories of Fairness and Reciprocity - Evidence and Economic Applications

Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2001

Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...

Persistent link: https://www.econbiz.de/10005656392

Should Egalitarians Expropriate Philanthropists?

Dasgupta, Indraneel; Kanbur, Ravi - C.E.P.R. Discussion Papers - 2007

Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....

Persistent link: https://www.econbiz.de/10005504401

Public goods, participation constraints, and democracy: A possibility theorem

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2008

It is well known that ex post efficient mechanisms for the provision of indivisible public goods are not interim individually rational. However, the corresponding literature assumes that agents who veto a mechanism can enforce a situation in which the public good is never provided. This paper...

Persistent link: https://www.econbiz.de/10005504573

Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2012

This paper proposes a dynamic politico-economic theory of fiscal policy in a world comprising a set of small open economies, whose driving force is the intergenerational conflict over debt, taxes, and public goods. Subsequent generations of voters choose fiscal policy through repeated elections....

Persistent link: https://www.econbiz.de/10011083405

The Clan and the City: Sustaining Cooperation in China and Europe

Greif, Avner; Tabellini, Guido - C.E.P.R. Discussion Papers - 2012

Over the last millennium, the clan and the city have been the locus of cooperation in China and Europe respectively. This paper examines - analytically, historically, and empirically - the cultural, social, and institutional co-evolution that led to this bifurcation. We highlight that groups...

Persistent link: https://www.econbiz.de/10011084470