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Models to the issue of altruism which rely on externalities of well-being are rarely used explicitly. In this paper we … compare such utility-based approaches with the standard approach on altruism which is based on externalities of income …
Persistent link: https://www.econbiz.de/10010297232
For many people "solidarity" has become a meaningless word used in slogans - too often used without leading to any economic consequences. We show in this paper conditions under which solidarity can be a powerful instrument. In a solidary action, an individual in a group contributes to a series...
Persistent link: https://www.econbiz.de/10010297236
The extant literature on matching markets assumes ordinal preferences for matches, while bargaining within matches is mostly excluded. Central for this paper, however, is the bargaining over joint profits from potential matches. We investigate, both theoretically and experimentally, a seemingly...
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If a previously unpaid activity (donating blood) is paid then we often observe that this activity is reduced. In this paper, it is hypothesised that the price offered is taken as a proxy for the "market value" of the activity. Depending on how the actor valued the activity previously,...
Persistent link: https://www.econbiz.de/10003430047
about the recipient type. To explain these puzzling results we reconsider Becker's [1974] theory of altruism, which assumes …, it turns out that his approach predicts in contrast to other theories of altruism - that some altruistic persons will … change their behavior as observed in our experiments. Thus, a kind of utility based altruism (and spite as its opposite form …
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