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concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an …
Persistent link: https://www.econbiz.de/10013151652
This paper starts by discussing consumers' cognitive and emotional reaction to posted prices. Cognitively, some consumers do not appear to make effective use of price information to maximize their consumption-based utility. Emotionally, prices can induce regret and anger among consumers. The...
Persistent link: https://www.econbiz.de/10012759576
To understand the "pure" incentives of altruism, economic laboratory research on humans almost always forbids … communication between subjects. In reality, however, altruism usually requires interaction between givers and receivers, which … altruism are built on human sociality. We experimentally examine communication in which one subject allocates $10 between …
Persistent link: https://www.econbiz.de/10013138083
vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism …
Persistent link: https://www.econbiz.de/10013125564
We randomly vary religious identity salience in laboratory subjects to test how identity salience contributes to six hypothesized links from prior literature between religious identity and economic behavior. We find that religious identity salience makes Protestants increase contributions to...
Persistent link: https://www.econbiz.de/10013144507
their children will someday apply to the university and that reciprocity in the form of a higher probability of admission is … teenagers do not. The evidence is strongly consistent with the child-cycle pattern. Thus, while altruism drives some giving, the …
Persistent link: https://www.econbiz.de/10012776811
We introduce the possibility of direct punishment by specialized enforcers into a model of community enforcement … specialized enforcement technology is sufficiently effective, cooperation is best sustained by a “single enforcer punishment … punishment that enforcers are willing to impose on deviators. Conversely, when the specialized enforcement technology is …
Persistent link: https://www.econbiz.de/10013017498
Why do security analysts issue overly positive recommendations? We propose a novel approach to distinguish strategic motives (e.g., generating small-investor purchases and pleasing management) from nonstrategic motives (genuine overoptimism). We argue that nonstrategic distorters tend to issue...
Persistent link: https://www.econbiz.de/10012776841
This paper considers nonparametric identification and estimation of a generalized Roy model that includes a non-pecuniary component of utility associated with each choice alternative. Previous work has found that, without parametric restrictions or the availability of covariates, all of the...
Persistent link: https://www.econbiz.de/10012759373
The possibility that individuals may derive utility from the mere fact of holding wealth has long been recognized. A simple intertemporal model featuring utility from accumulation is used here to examine consumption and savings, the choice between inter vivos gifts and bequests (both to...
Persistent link: https://www.econbiz.de/10013149701