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Regulation of morally responsible agents with motivation crowding
Fünfgelt, Joachim; Baumgärtner, Stefan - 2012
We study the regulation of a morally responsible agent in the context of a negative consumption externality and … moral responsibility. Employing a motivation-crowding model, we find that morally motivated behavior will, in general, not …
Persistent link: https://www.econbiz.de/10010294483
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Regulation of morally responsible agents with motivation crowding
Fünfgelt, Joachim; Baumgärtner, Stefan - 2012
moral motivation. -- Altruism ; externality ; moral motivation ; motivation crowding ; Pareto efficiency ; regulation …We study the regulation of a morally responsible agent in the context of a negative consumption externality and …We study the regulation of a morally responsible agent in the context of a negative consumption externality and …
Persistent link: https://www.econbiz.de/10009541392
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Regulation of Morally Responsible Agents with Motivation Crowding
Fünfgelt, Joachim; Baumgärtner, Stefan - 2016
We study the regulation of a morally responsible agent in the context of a negative consumption externality and … moral responsibility. Employing a motivation-crowding model, we find that morally motivated behavior will, in general, not …
Persistent link: https://www.econbiz.de/10014169044
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Two-Sided Altruism, Lindahl Equilibrium, and Pareto Optimality in Overlapping Generations Models
Raut, Lakshmi Kanta - 2005
This paper extends the Samuelsonian overlapping generations general equilibrium framework to encompass a variety of altruistic preferences by recasting it into a Lindahl equilibrium framework. The First and the Second Welfare theorems hold for Lindahl equilibrium with respect to the Malinvaud...
Persistent link: https://www.econbiz.de/10014061656
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Bounded rationality and socially optimal limits on choice in a self-selection model
Sheshinski, Eytan - 2003
Persistent link: https://www.econbiz.de/10001739597
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Bounded rationality and socially optimal limits on choice in a self-selection model
Sheshinski, Eytan - 2003
When individuals choose from whatever alternatives available to them the one that maximizes their utility then it is always desirable that the government provide them with as many alternatives as possible. Individuals, however, do not always choose what is best for them and their mistakes may be...
Persistent link: https://www.econbiz.de/10011505924
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Bounded Rationality and Socially Optimal Limits on Choice in a Self-Selection Model
Sheshinski, Eytan - 2021
When individuals choose from whatever alternatives available to them the one that maximizes their utility then it is always desirable that the government provide them with as many alternatives as possible. Individuals, however, do not always choose what is best for them and their mistakes may be...
Persistent link: https://www.econbiz.de/10013320069
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The Redistributive Effects of Financial Deregulation
Korinek, Anton - 2014
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the … distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk … sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a …
Persistent link: https://www.econbiz.de/10013060552
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One size may not fit all : welfare benefits and cost reductions with differentiated household electricity rates in a general equilibrium model
Daruwala, Farhad; Denton, Frank T.; Mountain, Dean C. - 2017
We consider optional TOU (time-of-use) pricing for residential consumers as an alternative to a single TOU or flat rate structure offered by a publicly regulated electricity supplier. A general equilibrium model is developed and used to explore and quantify the effects of optional pricing on...
Persistent link: https://www.econbiz.de/10011688056
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An Afriat theorem for the collective model of household consumption
Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - 2008
We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...
Persistent link: https://www.econbiz.de/10010269151