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Guiso, Luigi; Zingales, Luigi; Sapienza, Paola - 2021

To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation …

Persistent link: https://www.econbiz.de/10013310596

Economic Analysis of Welfare Economics, Morality and the Law

Shavell, Steven - 2022

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

Incentives and Ethics in the Economics of Body Parts

Lacetera, Nicola - 2016

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

Moral Rules and the Moral Sentiments : Toward a Theory of an Optimal Moral System

Kaplow, Louis; Shavell, Steven - 2021

philosophical debates about morality …

Persistent link: https://www.econbiz.de/10013236682

The Economics of Cultural Transmission and Socialization

Bisin, Alberto - 2010

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

Laws and Norms

Bénabou, Roland - 2011

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

The Value of Honesty : Empirical Estimates from the Case of the Missing Children

LaLumia, Sara - 2011

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

The Moral Preferences of Investors : Experimental Evidence

Bonnefon, Jean-François; Landier, Augustin; Sastry, … - 2023

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

Regulation and Supervision : An Ethical Perspective

Kane, Edward J. - 2008

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

Moral Incentives in Credit Card Debt Repayment : Evidence from a Field Experiment

Bursztyn, Leonardo - 2015

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