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This article discusses Alvin Roth’s research about moneyless markets, and in particular about the manner in which kidneys are allocated to patients needing transplants. As Titmuss pointed out for blood transfusions, providing monetary incentives to blood donors may crowd out supply, since...
Persistent link: https://www.econbiz.de/10010734917
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/10008740319
It is well-known in evolutionary game theory that population clustering in Prisoner's Dilemma games allows some cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two-person trust game. Without knowing it, players are...
Persistent link: https://www.econbiz.de/10005619994
serve as both imperfect socialization technologies and potentially informative signals that such socialization has taken … exchange under asymmetric information: the basic two-type screening model and a game-theoretic version of Akerlof's market for …
Persistent link: https://www.econbiz.de/10011096396
- economic, social and spiritual. Caritas in Veritate, as every encyclical is a letter, an invitation to exchange. The comments …
Persistent link: https://www.econbiz.de/10010547022
The approval of NASDAQ'S SuperMontage was described as a challenge for the regulators. SuperMontage raises issues in relation to market structure, fragmentation and competition.
Persistent link: https://www.econbiz.de/10005836477
the existence of altruism and exchange motives in inter vivos transfers received by the Malaysian Muslim respondents. This … assets for the purpose of estate planning. We find exchange motive is more applicable among respondents and physical assets …
Persistent link: https://www.econbiz.de/10011209947
that inter vivos 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 …
Persistent link: https://www.econbiz.de/10011255669
are gifts, and not temporary help to overcome liquidity constraints. Second, inter vivos gifts are compensatory in the … gifts do not, however, make up the entire difference in life-time incomes. …
Persistent link: https://www.econbiz.de/10005144428
This paper tests for the motives for private income transfers. We consider two motives: altruism and exchange. The … consistent with exchange. We also find that capital market imperfections are likely to be an important cause of private transfers …
Persistent link: https://www.econbiz.de/10004968851