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theories regarding the determination of intergenerational transfers. In this paper, we develop a theory that accounts for this … theory can also explain the norm of unigeniture, which prevails in other societies …
Persistent link: https://www.econbiz.de/10012470959
-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the …This paper develops a theory of intergenerational exchange for generations that are either selfish or have non …
Persistent link: https://www.econbiz.de/10012471256
competitive market in rescues. The model explicitly incorporates the possibility of rescues motivated by altruism. We then apply … main consistent with our economic model when altruism is taken into account, as are the differences between the maritime … and common law rules. We then examine the choice between compensation and liability as methods of inducing rescue, and …
Persistent link: https://www.econbiz.de/10012478909
rescuer (nor to impose liability), the law recognizes the fragility of altruism and entitles the rescuer to a reward in … would be much less imposing were it not for altruism, a factor ignored in most discussion of externalities. Altruism may be … of altruism, the costs of rescue, and the benefits to the rescuee. Although the general legal rule is not to reward the …
Persistent link: https://www.econbiz.de/10012478919
.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/10012462145
one possible explanation: that individual aversion to inequality--both envy and altruism--lead to systematic differences … workers in the sector. We also present structural estimates of the influence of envy and altruism on sector-specific trade … policy preferences. Our estimates indicate that both envy and altruism influence support for trade protection in the United …
Persistent link: https://www.econbiz.de/10012462952
plausible assumptions regarding this altruism and the reaction of consumers to firms that demonstrate insufficient altruism …
Persistent link: https://www.econbiz.de/10012463015
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/10012463054
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/10012463448
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/10012463539