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To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation …
Persistent link: https://www.econbiz.de/10013310596
This paper contains the chapters on welfare economics, morality, and the law from a general, forthcoming book … foundations of economic analysis, namely, the subject of welfare economics. I also describe notions of morality and fairness … welfare economics and morality. A theme of this discussion is that notions of morality have functional aspects, and that, for …
Persistent link: https://www.econbiz.de/10014084957
Research shows that properly devised economic incentives increase the supply of blood without hampering its safety; similar effects may be expected also for other body parts such as bone marrow and organs. These positive effects alone, however, do not necessarily justify the introduction of...
Persistent link: https://www.econbiz.de/10012982525
philosophical debates about morality …
Persistent link: https://www.econbiz.de/10013236682
Cultural transmission arguably plays an important role in the determination of many fundamental preference traits (e.g., discounting, risk aversion and altruism) and most cultural traits, social norms, and ideological tenets ( e.g., attitudes towards family and fertility practices, and attitudes...
Persistent link: https://www.econbiz.de/10013136354
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/10013118832
How much are people willing to forego to be honest, to follow the rules? When people do break the rules, what can standard data sources tell us about their behavior? Standard economic models of crime typically assume that individuals are indifferent to dishonesty, so that they will cheat or lie...
Persistent link: https://www.econbiz.de/10013122185
We characterize investors’ moral preferences in a parsimonious experimental setting, where we auction stocks with various ethical features. We find strong evidence that investors seek to align their investments with their social values (“value alignment”), and find no evidence of behavior...
Persistent link: https://www.econbiz.de/10014347086
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
We study the role of morality in debt repayment, using an experiment with the credit card customers of a large Islamic …
Persistent link: https://www.econbiz.de/10013014296