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along two dimensions of unobservable character: public spirit (altruism toward others) and honesty (the disutility suffered …
Persistent link: https://www.econbiz.de/10013038435
reciprocity, altruism, and trust from 80,000 individuals in 76 countries. The data reveal substantial heterogeneity in preferences … cognitive ability, yet these relationships appear partly country specific. At the country level, the data reveal correlations …
Persistent link: https://www.econbiz.de/10012945159
Friedman (1962) argued that a free market in which schools compete based upon their reputation would lead to an …: school reputation in the spirit of Holmstrom (1982). The first result is that if schools cannot select students based upon … are allowed to select on ability, then competition leads to stratification by parental income, increased transmission of …
Persistent link: https://www.econbiz.de/10013158508
.g., discounting, risk aversion and altruism) and most cultural traits, social norms, and ideological tenets ( e.g., attitudes towards …
Persistent link: https://www.econbiz.de/10013136354
This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....
Persistent link: https://www.econbiz.de/10013125564
attention. For their part, economists have recently explored how communication affects empathy, altruism, and giving rates to …
Persistent link: https://www.econbiz.de/10013072578
A model is considered where firms internalize the regret costs that consumers experience when they see an unexpected price change. Regret costs are assumed to be increasing in the size of price changes and this can explain why the size of price increases is less sensitive to inflation than in...
Persistent link: https://www.econbiz.de/10013160156
concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an … result is that, as competition decreases, the set of parameters for which such pooling equilibria exist beomes smaller and …
Persistent link: https://www.econbiz.de/10013151652
We use an extended Barro-Becker model of endogenous fertility, in which parents are heterogeneous in their labor productivity, to study the efficient degree of consumption inequality in the long run. In our environment a utilitarian planner allows for consumption inequality even when labor...
Persistent link: https://www.econbiz.de/10013158534
Persistent link: https://www.econbiz.de/10012777157