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Policies and explicit private incentives designed for self-regarding individuals sometimes are less effective or even counterproductive when they diminish altruism, ethical norms and other social preferences. Evidence from 51 experimental studies indicates that this crowding out effect is...
Persistent link: https://www.econbiz.de/10003872219
This is a Review of Guido Calabresi’s fascinating and thought-provoking new book, The Future of Law and Economics (presented in a book symposium held at the Hebrew University of Jerusalem in December 2016). The Review proposes to break the notion of commodification, as used by Calabresi, into...
Persistent link: https://www.econbiz.de/10014123734
pure distributive social systems to general social systems that combine competitive market exchange with the non …
Persistent link: https://www.econbiz.de/10014023678
We explore theoretically and empirically whether social interaction, including local and global interaction, influences the incidence of corruption. We first present an interaction-based model on corruption that predicts that the level of corruption is positively associated with social...
Persistent link: https://www.econbiz.de/10012168364
's dimension which is represented by the exchange of goods and services in question. …
Persistent link: https://www.econbiz.de/10010307588
Persistent link: https://www.econbiz.de/10005051330
Inspired by Karl Polanyi’s writings on three allocation modes, namely reciprocity, exchange and redistribution, we … the notion of symmetry among the players increased efficiency levels significantly. We then simulated a market exchange …
Persistent link: https://www.econbiz.de/10005465217
's dimension which is represented by the exchange of goods and services in question. …
Persistent link: https://www.econbiz.de/10009370724
transfers from parents to children are gifts, and not temporary help to overcome liquidity constraints. Second, inter vivos … gifts are compensatory in the sense that life-time poorer children will receive higher transfers than their life-time richer … siblings. Third, inter vivos gifts do not, however, make up the entire difference in life-time incomes. …
Persistent link: https://www.econbiz.de/10010325497
transfers from parents to children are gifts, and not temporary help to overcome liquidity constraints. Second, inter vivos … gifts are compensatory in the sense that life-time poorer children will receive higher transfers than their life-time richer … siblings. Third, inter vivos gifts do not, however, make up the entire difference in life-time incomes. …
Persistent link: https://www.econbiz.de/10011372976