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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 …
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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...
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