Altruistically motivated gifts involve a species of consumption externality. Donors obtain an altruistic benefit from … the effect of their gifts on donees' utility but do not take into account that the benefit to donees is itself relevant to … cannot. The rationale for subsidizing gifts offered here does not depend on whether the donee's activity is a public good (as …

transfers. These transfers can be bequests from parents to children or gifts from children to parents. In order for the …

In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third … party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without … incentive or informational effects, small gifts strongly influence the recipient's behavior in favor of the gift giver, in …