Taxation of bequests and donations is an important determinant of real estate prices. We show that, ceteris paribus, a … decrease in taxes on inter vivos donations and bequests brings about an increase in real estate prices. We provide a general … equilibrium rationalization in the context of OLG economies featuring intergenerational altruism. This has relevant policy …

donations; (ii) a negative relationship between group size and the amount given by each donor; (iii) no relationship between …

goals. The classical ones are entry prices and free entry. The museum club solution or exit donations allow for various …

this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward …

reflecting low altruism—a discount rate on children’s utility greater than the world interest rate—and I examine the implications … spending on debt and retiree entitlements. In the model, altruism towards children determines bequests, government debt, and … the time-path of consumption. Altruism towards parents influences incentives to default. If altruism is low, voters demand …

Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public …

-interest, providing strong evidence for pocketbook voting. However, social preferences like altruism, public good considerations and …