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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
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 … rescuer (nor to impose liability), the law recognizes the fragility of altruism and entitles the rescuer to a reward in …
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
A model is considered where firms internalize the regret costs that consumers experience when they see an unexpected price change. Regret costs are assumed to be increasing in the size of price changes and this can explain why the size of price increases is less sensitive to inflation than in...
Persistent link: https://www.econbiz.de/10012463715