Policies and explicit private incentives designed for self-regarding individuals sometimes are less effective or even counterproductive when they diminish altruism, ethical norms and other social preferences. Evidence from 51 experimental studies indicates that this crowding out effect is...

The fiduciary norm, which prescribes agent behavior solely for the goal of the principal, without regard for other goals, is defined in the context of the theory of agency. The fiduciary program, a set of procedures for determining the principal's preferences and acting for them, is then defined...

This paper considers a model of incomplete information with selfish rational types and types who comply with social or moral norms by intrinsic motivation. We explore 'complier optimal norms', which maximize expected average utility of all compliant types given that the norms are commonly known....

Despite the continued popularity of cross national culture research across social sciences, the use of multidimensional value based models is not without discussion. A key issue concerns the observation that value diversity within countries may be larger than between countries, giving rise to a...

We use large-scale survey data of German speaking villages from the 1930's to investigate drivers of cooperation, gender, and religious norms. Through geographic cluster analysis, we show that inter-regional variation explains only little heterogeneity in norms. Villages in the same physical and...

Gender norms, i.e. the role of men and women in the society, are a fundamental channel through which culture may influence preferences for redistribution and public policies. We consider both cross-country and individual level evidence on this mechanism. We find that in countries that are...

What is ethics and how is it related to the legal system and to economics? Are there ethical values in Jewish Law, and could it be that we find in the writing of Hazal [the sages] an interest in job turnover? The purpose of this paper is to answer to those questions by focusing on a specific...

This paper analyzes the effects of the revolving door, focusing not only on the relationship between regulators and firms, but analyzing whether regulating the revolving door is optimal from the point of view of society. This paper examines the tradeoff between these two elements linked to the...

The field of behavioural ethics seeks to clarify how people behave when confronted with ethicaldilemmas. It has identified and analysed numerous mechanisms by which people may engage inunethical and illegal behaviour without fully recognizing its implications. In the field of employment law,...

This paper analyzes the effects of the revolving door, concentrating not only on the dynamics between regulators and firms but also on whether regulating the revolving door is optimal from the point of view of society. The study explores the trade-off between two interconnected aspects related...