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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 …
Persistent link: https://www.econbiz.de/10012776754
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 …
Persistent link: https://www.econbiz.de/10003969360
concern for other people's welfare (altruism) in the process of making high profits. Even when there exist few truly … such pooling equilibria exist is smaller and firms are more likely to anger voters by displaying low levels of altruism. As …
Persistent link: https://www.econbiz.de/10014209369
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...
Persistent link: https://www.econbiz.de/10014458804
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This contribution provides a game theoretical derivation of market demand as a function of the level and distribution of income in the considered economy: if (i) the price is low, everyone buys the good; if (ii ) the price is high, only the rich buy the good (a status good in a narrow sense). If...
Persistent link: https://www.econbiz.de/10003779109
Rather than about absolute payoffs, governments in fiscal competition often seem to care about their performance relative to other governments. Moreover, they often appear to mimic policies observed elsewhere. We study such behaviour in a tax competition game with mobile capital à la...
Persistent link: https://www.econbiz.de/10003871945
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