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Bénabou, Roland; Tirole, Jean - 2012

This paper analyzes how private decisions and public policies are shaped by personal and societal preferences ("values"), material or other explicit incentives ("laws") and social sanctions or rewards ("norms"). It first examines how honor, stigma and social norms arise from individuals'...

Persistent link: https://www.econbiz.de/10009530311

Human capital investment and globalization in extortionary states

Andersson, Fredrik; Konrad, Kai A. - 2001

This paper considers education investment and public education subsidies in closed and open economies with an … extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome … their education policies if highly productive labor is fully mobile. Extortionary governments' incentives for education …

Persistent link: https://www.econbiz.de/10011339679