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The Power of Asking : How Communication Affects Selfishness, Empathy, and Altruism
Andreoni, James - 2010
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
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Anger and Regulation
Di Tella, Rafael - 2010
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
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Altruism and the Child-Cycle of Alumni Giving
Meer, Jonathan - 2007
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
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Agency Problems and the Fate of Capitalism
Morck, Randall - 2010
Economics has firms maximizing value and people maximizing utility, but firms are run by people. Agency theory concerns the mitigation of this internal contradiction in capitalism. Firms need charters, regulations and laws to restrain those entrusted with their governance, just as economies need...
Persistent link: https://www.econbiz.de/10013136737
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Optimal Taxation with Rent-Seeking
Rothschild, Casey - 2011
Recent policy proposals have suggested taxing top incomes at very high rates on the grounds that some or all of the highest wage earners are engaged in socially unproductive or counterproductive activities, such as externality imposing speculation in the financial sector. To address this, we...
Persistent link: https://www.econbiz.de/10013125562
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Misconduct in Credence Good Markets
Brown, Jennifer - 2012
We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions of the model using sales complaint data for exclusive and...
Persistent link: https://www.econbiz.de/10013096847
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Are CEOS Expected Utility Maximizers?
List, John A. - 2010
Are individuals expected utility maximizers? This question represents much more than academic curiosity. In a normative sense, at stake are the fundamental underpinnings of the bulk of the last half-century's models of choice under uncertainty. From a positive perspective, the ubiquitous use of...
Persistent link: https://www.econbiz.de/10013150437
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On the Self-Interested Use of Equity in International Climate Negotiations
Lange, Andreas - 2010
We discuss self-interested uses of equity arguments in international climate negotiations. Using unique data from a world-wide survey of agents involved in international climate policy, we show that the perceived support of different equity rules by countries or groups of countries may be...
Persistent link: https://www.econbiz.de/10013152832
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Do Security Analysts Speak in Two Tongues?
Malmendier, Ulrike - 2007
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
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Nonparametric Identification and Estimation in a Generalized Roy Model
Bayer, Patrick J. - 2010
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