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Ethical Foundations of Financial Regulation

Kane, Edward J. - 1997

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … market failures and correct them. It is taken for granted that we may rely on a well-intentioned government to use its …

Persistent link: https://www.econbiz.de/10012472798

The Economic Approach to Personality, Character and Virtue

Heckman, James J.; Galaty, Bridget; Tian, Haihan - National Bureau of Economic Research - 2023

This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...

Persistent link: https://www.econbiz.de/10014287358

Selfish Corporations

Colonnelli, Emanuele; Gormsen, Niels; McQuade, Timothy - National Bureau of Economic Research - 2022

Motivated by the public debate regarding corporate responsibility, we construct a memory-based model of decision-making to illustrate how corporate and political communication can impact policy preferences. We test the predictions of our model in a new large-scale survey of U.S. citizens on...

Persistent link: https://www.econbiz.de/10013435138

Regulation and Supervision : An Ethical Perspective

Kane, Edward J. - 2008

This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...

Persistent link: https://www.econbiz.de/10012464752

Integrating Ethical Values and Economic Value to Steer Progress in Artificial Intelligence

Korinek, Anton - 2019

in a direction that complements human labor. Additional areas of conflict arise when AI systems optimize narrow market … bias and discrimination, hack the human brain, and increasingly reduce human autonomy. Market incentives to create ever …

Persistent link: https://www.econbiz.de/10012480076

What Do Independent Directors Know? Evidence from Their Trading

Ravina, Enrichetta - 2006

earn significantly higher returns than the market when they sell the company stock in a window before bad news and around a …

Persistent link: https://www.econbiz.de/10012465896

Continuing Dangers of Disinformation in Corporate Accounting Reports

Kane, Edward J. - 2003

Insiders can artificially deflect the market prices of financial instruments from their full-information or inside …

Persistent link: https://www.econbiz.de/10012469064

Efficiency-Morality Trade-Offs in Repugnant Transactions : A Choice Experiment

Elias, Julio J. - 2016

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...

Persistent link: https://www.econbiz.de/10012456048

Positive and Normative Judgments Implicit in U.S. Tax Policy, and the Costs of Unequal Growth and Recessions

Lockwood, Benjamin B. - 2016

Calculating the welfare implications of changes to economic policy or shocks requires economists to decide on a normative criterion. One approach is to elicit the relevant moral criteria from real-world policy choices, converting a normative decision into a positive inference, as in the recent...

Persistent link: https://www.econbiz.de/10012456745

'Morality and Political Economy' from the Vantage Point of Economics

Enke, Benjamin - National Bureau of Economic Research - 2024

This article calls for a greater integration of moral psychology and political economy. While these disciplines were initially deeply intertwined, cross-disciplinary exchange became rare throughout the 20th century. More recently, the tide has shifted again - social scientists of different...

Persistent link: https://www.econbiz.de/10014512133

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