efficiency wages. A second reason is that people care about relative incomes and become unhappy if others earn and consume much …

Altruism or `regard for others' can encourage self-restraint among generators of negative externalities, thereby … mitigating the externality problem. We explore how introducing impure altruism into standard regulatory settings alters … welfare is increasing in the propensity for altruism in the population; under price-based regulation the relationship is non …

stage, determines the optimum level of the transfer within a relationship of one-sided altruism. In the second stage, the … compensatory way in an altruism model. …