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We run a laboratory experiment where some participants are selected to make investment decisions on behalf of others. We test whether a democratic context influences the social preferences of decision makers in terms of efficiency, altruism and concern for inequality. We find that decision...
Persistent link: https://www.econbiz.de/10011753528
This paper models aid agencies as financial intermediaries that do not make a financial return to depositors, whose concern is to transfer resources to investor-beneficiaries. This leads to a problem of verifying that the agency is using donations as intended. One solution to this problem is for...
Persistent link: https://www.econbiz.de/10014068522
There is growing evidence on the roles of fairness and social preferences as fundamental human motives, in general, as well as in voting contexts. In contrast, models of political economy are based on selfish-voters who derive utility solely from own payoffs. We examine the implications of...
Persistent link: https://www.econbiz.de/10012724410
What motivates individuals to become politicians? This is an important question in decentralized democracies, where local politicians play a key role in public goods provision. However, and in emerging economies, bureaucratic hurdles and administrative failures introduce uncertainty about the...
Persistent link: https://www.econbiz.de/10012173954
Shared social responsibility (SSR) reqiures the definition of a unified methodology of multi-stakeholder governance making effective the idea of ‘sharing’ responsibilities. At minimum in fact, shared social responsibility is a matter of allocating responsibility among a number of public,...
Persistent link: https://www.econbiz.de/10014185256
Objective: The aim of the present manuscript is to address Tocqueville's hypothesis that voluntary associations and volunteering are breeding grounds for democratic virtues and skills and thus enhance political participation. Methods: Data from the British Household Panel Survey (BHPS) data set...
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