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In business and politics, gifts are often aimed at influencing the recipient at the expense of third parties. In an experimental study, which removes informational and incentive confounds, subjects strongly respond to small gifts even though they understand the gift giver’s intention. Our...
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Recent empirical studies suggest that poor public sector performance in developing nations is due in part to the difficultly of selecting workers whose motivation is aligned with the mission of the institution -- in direct contrast to evidence from developed nations, public sector workers tend...
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database of officials who have been found guilty of corruption in China in the period 2012-21 with their personal … characteristics and the amount of embezzled funds. We use it to investigate the correlates of corruption, estimate the effects of … corruption on inequality, and find the expected increase in officials’ income due to corruption and the gain in income …
Persistent link: https://www.econbiz.de/10014440105
We challenge the standard definition of economic rationality as consistency by making use of a novel distinction between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by the literature and, as a result, evidence that consistency...
Persistent link: https://www.econbiz.de/10014323610
Although blockchain technology and cryptocurrencies have grown in popularity over the past years, there does not seem to be a consensus if they bring any value to economic interactions. In this paper, I argue that a fundamental value the blockchain provides is commitment. I develop a model of an...
Persistent link: https://www.econbiz.de/10013460355