Showing 61 - 70 of 243
In this paper, I show that, under relatively weak conditions, dynastic equilibria are never welfare optima. If a social planner sets policy to maximize a social welfare function, then, except in extreme cases where the planner cares only about a single generation, successive generations will...
Persistent link: https://www.econbiz.de/10012476780
competitive market in rescues. The model explicitly incorporates the possibility of rescues motivated by altruism. We then apply … main consistent with our economic model when altruism is taken into account, as are the differences between the maritime …
Persistent link: https://www.econbiz.de/10012478909
would be much less imposing were it not for altruism, a factor ignored in most discussion of externalities. Altruism may be … of altruism, the costs of rescue, and the benefits to the rescuee. Although the general legal rule is not to reward the … rescuer (nor to impose liability), the law recognizes the fragility of altruism and entitles the rescuer to a reward in …
Persistent link: https://www.econbiz.de/10012478919
altruism and marginal costs, and this heterogeneity is unobservable to the government. In a novel application of nonlinear …
Persistent link: https://www.econbiz.de/10012481755
merits of different procurement systems. We conducted a randomized survey experiment with a representative sample of 826 …
Persistent link: https://www.econbiz.de/10012453145
reciprocity, altruism, and trust from 80,000 individuals in 76 countries. The data reveal substantial heterogeneity in preferences …
Persistent link: https://www.econbiz.de/10012453771
one possible explanation: that individual aversion to inequality--both envy and altruism--lead to systematic differences … workers in the sector. We also present structural estimates of the influence of envy and altruism on sector-specific trade … policy preferences. Our estimates indicate that both envy and altruism influence support for trade protection in the United …
Persistent link: https://www.econbiz.de/10012462952
plausible assumptions regarding this altruism and the reaction of consumers to firms that demonstrate insufficient altruism …
Persistent link: https://www.econbiz.de/10012463015
We investigate the impact of charity tie-ins on transaction probabilities and sale prices using a large database of eBay auctions. We examine "natural experiments" of precisely matched clusters of charity and non-charity auctions with identical titles, subtitles, sellers, and start prices. We...
Persistent link: https://www.econbiz.de/10012463036
The possibility that individuals may derive utility from the mere fact of holding wealth has long been recognized. A simple intertemporal model featuring utility from accumulation is used here to examine consumption and savings, the choice between inter vivos gifts and bequests (both to...
Persistent link: https://www.econbiz.de/10012463054