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We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...
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demonstrate that the welfare of an overconfident agent in a team of one rational and one overconfident agent or a team of two … overconfident agents can be higher than that of the members of a team of two rational agents. This result holds irrespective of the …
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demonstrate that the welfare of an overconfident agent in a team of one rational and one overconfident agent or a team of two … overconfident agents can be higher than that of the members of a team of two rational agents. This result holds irrespective of the …
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-stocked bookshops than the diversity of published titles and that debutantes do not face big barriers to entry. One should be even more …
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