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A model is developed to understand how norms can be influenced by "norm entrepreneurs", e.g. lawmakers, government agencies, unions etc. Two instruments of influencing the dynamics of normfollowing behavior are analyzed, namely transforming the (monetary) incentives and changing the meaning or...
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choice making. We illustrate why this role is not being fulfilled well by standard models of full rationality and that … theories of bounded rationality are needed not only for better predictions, but also for developing better advice. Our main … point is that one cannot succeed here without studying how theories of bounded rationality causally influence the behavior …
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possibility is to adopt restrictions from economic theory. The purpose of this paper is to investigate the implications of the …
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whymore inequality can be associated with less, rather than more, redistributive taxation. Our framework displays multiple … pattern of income distribution and local versus social spillovers ratio under which inequality and segregation persist in the …
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