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We analyze both theoretically and empirically how monetary incentives and information about others’ behavior affect dishonesty. We run a laboratory experiment with 560 participants, each of whom observes a number from one to six with there being a payoff associated with each number. They can...
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economics can make to the theory of democracy. Constitutional economics as the economics of rules is concerned with the study of … interaction that evolve within these rules. The theory of democracy is concerned with institutionalorganizational problems of self …
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