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and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems … one sector of society at the expense of another. Each rationale sets different goals and assigns responsibiliy for …
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Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints … – the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the … moral evaluation of actions in our society. The rise of Artificial Intelligence (AI) forces humanity to confront new areas …
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We present an infinite-horizon model of moral standards where self-esteem and unconscious drives play key roles. In the model, an individual receives random temptations (such as bribe offers) and must decide which to resist. Individual actions depend both on conscious intent and a type...
Persistent link: https://www.econbiz.de/10012758127
We study the causal impact of religiosity through a randomized evaluation of an evangelical Protestant Christian values and theology education program delivered to thousands of ultra-poor Filipino households. Six months after the program ended, treated households have higher religiosity and...
Persistent link: https://www.econbiz.de/10012927039
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/10012772313
cultural heterogeneity, the world's geographical fragmentation by ethic and religious traits, at any given time. Finally, the …
Persistent link: https://www.econbiz.de/10013136354
Throughout the Western world, people's policy views are correlated across domains in a strikingly similar fashion. This …
Persistent link: https://www.econbiz.de/10013298488