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future. We can decompose altruistic preferences into baseline altruism towards any partner and directed altruism towards … friends. Decision makers vary widely in their baseline altruism, but pass at least 50 percent more surplus to friends compared … partners' expectations are well calibrated to directed altruism, but that they ignore decision makers' baseline altruism …
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We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
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We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10010370150
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10010370317
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We show that once interfamily exchanges are considered, Becker's rotten kids mechanism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva's (1999) result of efficiency in the contribution game amongst siblings extends to a setting...
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