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Some economists believe that social norms are created to improve welfare where the market fails. I show that tipping is such a norm, using a model in which a waiter chooses service quality and then a customer chooses the tip. The customer’s utility depends on the social norm about tipping and...
Persistent link: https://www.econbiz.de/10005118928
This paper models how imperfect memory affects the optimal continuity of policies. We examine the choices of a player (individual or firm) who observes previous actions but cannot remember the rationale for these actions. In a stable environment, the player optimally responds to memory loss with...
Persistent link: https://www.econbiz.de/10012722171
As economists endeavor to build better models of human behavior, they cannot ignore that humans are fundamentally a social species with interaction patterns that shape their behaviors. People's opinions, which products they buy, whether they invest in education, become criminals, and so forth,...
Persistent link: https://www.econbiz.de/10011014373
by economic theory, but “the hypothesis of employer discrimination does not at all explain segregation by occupation … theory foundations, insofar as they impose a utility indicator function as a primitive concept via persuasion, rather than … to discriminate. Economic theory is, therefore, endogenously color-blind, race-blind, gender-blind, ethnicity-blind, and …
Persistent link: https://www.econbiz.de/10011260187
According to Roney (2003), when exposed to potential mates (young women), men show greater conformity to female mate preferences. This study conceptually replicates and extends this finding to show that women also respond to female physical attractiveness. When exposed to attractive women...
Persistent link: https://www.econbiz.de/10011261580
This paper proposes a theory for the social evolution of obesity. It considers a society, in which individuals … others. The theory explains why, ceteris paribus, poor persons are more prone to be severely overweight although eating is … overweight and how an originally lean society arrives at such a steady-state. Extensions of the theory towards dietary choice and …
Persistent link: https://www.econbiz.de/10009415833
Der Artikel verbindet Ergebnisse der Lebensstilforschung mit den moraltheoretischen Voraussetzungen einer Verantwortung von Konsumenten als integraler Bestandteil der Wirtschaftsethik. Die Bedeutung von Schichtfaktoren wie Einkommen und Bildung sowie Grundorientierungen der sozialen Milieus in...
Persistent link: https://www.econbiz.de/10010614207
This paper proposes a theory for the social evolution of obesity. It considers a society in which individuals … others. The theory explains under which conditions poor persons are more prone to be overweight although eating is expensive … person is overweight and how an originally lean society arrives at such a steady state. Extensions of the theory towards …
Persistent link: https://www.econbiz.de/10010870809
This paper proposes a new formulation of the theory of social norms. The theoretical model explores the interrelation …
Persistent link: https://www.econbiz.de/10010643644
Tipping is a phenomenon that has been studied for many years, but is receiving increased attention in recent years. The magnitude of tips is very large – in the US, for example, tips in the food industry alone amount to about $42 billion each year, and tips are given in many other...
Persistent link: https://www.econbiz.de/10005836455