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This article reviews the growing economics literature that studies the politico-economic impacts of heterogeneity in moral boundaries across individuals and cultures. The so-called universalism-versus-particularism cleavage has emerged as a main organizing principle behind various salient...
Persistent link: https://www.econbiz.de/10014372458
Ethics in social science experimentation and data collection are often discussed but rarely articulated in writing as … review boards, most recognize that such boards are not comprehensive ethical assessments. We propose a structured ethics … explicitly in appendices of papers, even if briefly, will serve two purposes: more complete communication of ethics can improve …
Persistent link: https://www.econbiz.de/10012482611
We characterize investors' moral preferences in a parsimonious experimental setting, where we auction stocks with various ethical features. We find strong evidence that investors seek to align their investments with their social values ("value alignment"), and find no evidence of behavior driven...
Persistent link: https://www.econbiz.de/10012814422
validate the model by testing its predictions on the World Values Survey data and the German Socio Economic Panel. We also …
Persistent link: https://www.econbiz.de/10012464934
This paper contains the chapters on welfare economics, morality, and the law from a general, forthcoming book …, Foundations of Economic Analysis of Law (Harvard University Press, 2003). I begin in chapter 26 with a discussion of the normative …, which play an important, if dominant, role in much normative discourse about law, and I discuss the connections between …
Persistent link: https://www.econbiz.de/10012468998
We examine how moral sanctions and rewards, notably the moral sentiments involving feelings of guilt and virtue, would be employed to govern individuals' behavior if the objective were to maximize social welfare. In our model, we analyze how the optimal use of guilt and virtue is influenced by...
Persistent link: https://www.econbiz.de/10012470027
How much are people willing to forego to be honest, to follow the rules? When people do break the rules, what can standard data sources tell us about their behavior? Standard economic models of crime typically assume that individuals are indifferent to dishonesty, so that they will cheat or lie...
Persistent link: https://www.econbiz.de/10012461410
A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...
Persistent link: https://www.econbiz.de/10012496107
-benefit analysis. We discuss two dominant approaches, the first based on market prices, and the second based on intertemporal ethics …
Persistent link: https://www.econbiz.de/10012510532
mechanisms, and rule out competing explanations, such as reminder effects, priming religion, signaling the lender's commitment to …
Persistent link: https://www.econbiz.de/10012457058