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Starting Small : Endogenous Stakes and Rational Cooperation

Andreoni, James - 2016

We report experimental results for a twice-played prisoners' dilemma in which the players can choose the allocation of the stakes across the two periods. Our point of departure is the assumption that some (but not all) people are principled to "do the right thing," or cooperate, as long as their...

Persistent link: https://www.econbiz.de/10012456738

Punishment and Cooperation in Stochastic Social Dilemmas

Xiao, Erte - 2012

Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...

Persistent link: https://www.econbiz.de/10012460202

Optimal Income Taxation

Kaplow, Louis - National Bureau of Economic Research - 2022

This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....

Persistent link: https://www.econbiz.de/10013334417

The Demand for Bad Policy when Voters Underappreciate Equilibrium Effects

Dal Bó, Ernesto - 2016

Although most of the political-economy literature blames inefficient policies on institutions or politicians' motives to supply bad policy, voters may themselves be partially responsible by demanding bad policy. In this paper, we posit that voters may systematically err when assessing potential...

Persistent link: https://www.econbiz.de/10012455764

International Environmental Agreements among Heterogeneous Countries with Social Preferences

Kolstad, Charles D. - 2014

due to the public good nature of pollution abatement. The theory of international environmental agreements (IEAs) in … century. The problem is that theory suggests fairly low (even zero) levels of contribution to a public good and high levels of …

Persistent link: https://www.econbiz.de/10012458462

Kinship Systems, Cooperation and the Evolution of Culture

Enke, Benjamin - 2017

Cultural psychologists and anthropologists argue that societies have developed heterogeneous systems of social organization to cope with social dilemmas, and that an entire bundle of psychological and biological characteristics has coevolved to enforce cooperation within these different regimes....

Persistent link: https://www.econbiz.de/10012455182

Planned and Unplanned Bequests

Hamermesh, Daniel S. - 1984

We make the distinction between bequests that are planned as part of some lifetime optimization stemming from a bequest motive, and those that are unplanned and result when the date of death differs from what the consumer might forecast. Lifetime optimization should lead to a negative effect or...

Persistent link: https://www.econbiz.de/10012477590

Life-Cycles in Income and Wealth

Kearl, J. R. - 1983

Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …

Persistent link: https://www.econbiz.de/10012477955

Wealth Maximization and the Cost of Capital

Auerbach, Alan J. - 1980

In this paper we explore the issue of wealth maximization and the implied behavior of the firm, paying particular …

Persistent link: https://www.econbiz.de/10012478676

Human Wealth and Human Capital

Lazear, Edward P. - 1975

capital and that of human wealth. Special attention will be paid to the empirical implications of the analysis …

Persistent link: https://www.econbiz.de/10012479029

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