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Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...
Persistent link: https://www.econbiz.de/10012983033
Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact, competitive pressure on markets may create strong...
Persistent link: https://www.econbiz.de/10012985658
We present a framework that incorporates both moral motivations and fairness considerations into utility. The main idea is that individuals face a preference trade-off between their material individual interest and their desire to follow moral norms. In our model, we assume that moral motivation...
Persistent link: https://www.econbiz.de/10012858837
This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...
Persistent link: https://www.econbiz.de/10014344729
We study the effect of entrepreneurship and its allocation between necessity and opportunity entrepreneurship on three indicators of countries' wellbeing: monetary wellbeing, non-monetary wellbeing and our own indicator of a country's ability to translate economic growth into non-monetary...
Persistent link: https://www.econbiz.de/10013077292
We use a representative sample of informal entrepreneurs in Madagascar to add new evidence on the magnitude of the … and male entrepreneurs. Only male entrepreneurs seem subject to pressure to redistribute from the distant network. Our …
Persistent link: https://www.econbiz.de/10013056642
where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that … hinges on risk tolerance and patience. Parents expecting their children to become entrepreneurs have an incentive to instill … rate of the economy depends on the fraction of the population choosing an entrepreneurial career. How many entrepreneurs …
Persistent link: https://www.econbiz.de/10013063592
The financial troubles of professional athletes are an ongoing topic of intrigue. In general, the zealousness brought to private equity schemes are a common factor in observed financial insolvency. Considering the behavioral attribute of self-confidence I propose a simple model which explains...
Persistent link: https://www.econbiz.de/10013085476
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but …
Persistent link: https://www.econbiz.de/10013086658
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of … more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm … performance. Using longitudinal data, we find large and sustained effects of entrepreneurs at all levels of the performance …
Persistent link: https://www.econbiz.de/10013087867