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Cooperation among people who are not related to each other is sustained by the availability of punishment devices which help enforce social norms (Fehr and Gächter, 2002). However, the rationale for costly punishment remains unclear. This paper reports the results of an experiment investigating...
Persistent link: https://www.econbiz.de/10008789558
This paper reports the results of an experiment that investigates the relationships between inequality and punishment. In particular, we analyze how inter-personal comparisons affect altruistic punishment behavior. In addition, we examine how punishment affects inequality over time. We compare...
Persistent link: https://www.econbiz.de/10008791276
Experiments based on the Beard and Beil (1994) two-player coordination game robustly show that coordination failures arise as a result of two puzzling behaviors: (i) subjects are not willing to rely on others' self-interested maximization, and (ii) self-interested maximization is not ubiquitous....
Persistent link: https://www.econbiz.de/10011025561
Since the 1990s, poverty and the ways to reducing it have become a central paradigm in development economics, not only … theme of research in development economics, by poverty and its reduction, together with an expansion of the meanings of the … concept of poverty. The key points of the paper are that this shift represents a crucial turning point in the conceptual …
Persistent link: https://www.econbiz.de/10009372663
French but also European economies are driven by micro, small and medium enterprises. However, evidence shows that micro-enterprises, representing 99 per cent of all newly created businesses, suffer from a lack of external resources, especially those created by socially excluded persons....
Persistent link: https://www.econbiz.de/10009368025
inference with poverty indices is satisfactory. We find that the major cause is the extreme sensitivity of many inequality …
Persistent link: https://www.econbiz.de/10010750903
This paper questions the Lewis Path perspective of a "world without agriculture" which underpins the "structural transformation" paradigm of "modern growth." It shows that the Lewis Path is only one of four potential structural paths, and that half of the world's population is spiralling into a...
Persistent link: https://www.econbiz.de/10010738957
We consider the link between poverty and subjective well-being, and focus in particular on the role of time. We use … satisfaction falls with both the incidence and intensity of contemporaneous poverty. There is no evidence of adaptation within a … poverty spell: poverty starts bad and stays bad in terms of subjective well-being. Third, poverty scars: those who have been …
Persistent link: https://www.econbiz.de/10010739011
We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to … poverty. We use panel data on almost 45,800 individuals living in Germany from 1992 to 2011 to show first that life … satisfaction falls with both the incidence and intensity of contemporaneous poverty. We then reveal that there is little evidence …
Persistent link: https://www.econbiz.de/10010739092
poverty and inequality in rural areas. While the poverty impacts of those programs are well documented in the literature less …
Persistent link: https://www.econbiz.de/10010739119