This paper incorporates morality-defined as lower utility from consuming goods obtained through appropriative rather than productive activities-into a simple static general equilibrium model in which agents choose whether to be producers or appropriators. The authors analyze the relationship...

This paper incorporates morality -- defined as lower utility from consuming goods obtained through appropriative rather than productive activities -- into a simple static general equilibrium model in which agents choose whether to be producers or appropriators. The authors analyze the...

This paper incorporates morality -- defined as lower utility from consuming goods obtained through appropriative rather than productive activities -- into a simple static general equilibrium model in which agents choose whether to be producers or appropriators. The authors analyze the...