Showing 1 - 10 of 148
To understand the "pure" incentives of altruism, economic laboratory research on humans almost always forbids … communication between subjects. In reality, however, altruism usually requires interaction between givers and receivers, which … altruism are built on human sociality. We experimentally examine communication in which one subject allocates $10 between …
Persistent link: https://www.econbiz.de/10012462283
concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an …
Persistent link: https://www.econbiz.de/10012463448
teenagers do not. The evidence is strongly consistent with the child-cycle pattern. Thus, while altruism drives some giving, the …
Persistent link: https://www.econbiz.de/10012465501
In this paper, we show that the election of a new school board member causes home values in their neighborhood to rise. This increase is identified using narrowly-decided contests and is driven by non-Democratic members, whose neighborhoods appreciate about 4% on average relative to those of...
Persistent link: https://www.econbiz.de/10012938760
Economics has firms maximizing value and people maximizing utility, but firms are run by people. Agency theory concerns the mitigation of this internal contradiction in capitalism. Firms need charters, regulations and laws to restrain those entrusted with their governance, just as economies need...
Persistent link: https://www.econbiz.de/10012462167
This paper argues that the relation between temptations and the level of consumption plays a key role in explaining the observed behaviors of the poor. Temptation goods are defined to be the set of goods that generate positive utility for the self that consumes them, but not for any previous...
Persistent link: https://www.econbiz.de/10012462679
We randomly vary religious identity salience in laboratory subjects to test how identity salience contributes to six hypothesized links from prior literature between religious identity and economic behavior. We find that religious identity salience makes Protestants increase contributions to...
Persistent link: https://www.econbiz.de/10012462726
Are individuals expected utility maximizers? This question represents much more than academic curiosity. In a normative sense, at stake are the fundamental underpinnings of the bulk of the last half-century's models of choice under uncertainty. From a positive perspective, the ubiquitous use of...
Persistent link: https://www.econbiz.de/10012463196
We discuss self-interested uses of equity arguments in international climate negotiations. Using unique data from a world-wide survey of agents involved in international climate policy, we show that the perceived support of different equity rules by countries or groups of countries may be...
Persistent link: https://www.econbiz.de/10012463718
This paper considers nonparametric identification and estimation of a generalized Roy model that includes a non-pecuniary component of utility associated with each choice alternative. Previous work has found that, without parametric restrictions or the availability of covariates, all of the...
Persistent link: https://www.econbiz.de/10012464700