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This paper contributes to the growing literature on happiness research by examining whether happiness affects the ethical decisions of individuals. First, a recursive model of ethical decision making is developed in which an agent's utility is assumed to be a function of money, ethical...
Persistent link: https://www.econbiz.de/10005077055
Econometric simulations provide no evidence that families in West Virginia encouraged sons to drop out of high school in order to earn income as coal miners, at the net expense of later income that they would have earned with more education. Estimates of the typical family's subjective rate of...
Persistent link: https://www.econbiz.de/10005125817
Persistent link: https://www.econbiz.de/10005126084
This paper shows one type of asymetric information problems, their theorethical implications, the design of contracts …
Persistent link: https://www.econbiz.de/10005118595
conditions seem to be influenced by contemporaneous World Bank activity. Moreover, the paper tries to explain compliance with … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank …. However, no other political factors seem to influence interruptions and compliance systematically. The paper describes the …
Persistent link: https://www.econbiz.de/10005556641
endogeneity is accounted for. There is also evidence that compliance with conditionality mitigates this negative effect, while the …
Persistent link: https://www.econbiz.de/10005119451
by the patient’s compliance. A model of medical treatment is pre-sented in which both the actions of physician and …
Persistent link: https://www.econbiz.de/10005561533
Persistent link: https://www.econbiz.de/10005134436
We characterize the outcomes of games when players may make binding offers of strategy contingent side payments before the game is played. This does not always lead to efficient outcomes, despite complete information and costless contracting. The characterizations are illustrated in a series of...
Persistent link: https://www.econbiz.de/10005134969
include regenerating indigenous forest would optimally design contracts for trades of the new good, “carbon sink credits”. The … designing contracts. In the context of a simple numerical example I discuss the constraints that the market puts on contracts … designs impose the risk on those most able to address or absorb it. I illustrate the potential gains from sink contracts with …
Persistent link: https://www.econbiz.de/10005407768