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This paper presents a model of the firm that includes the possibility of firm and employee-on-the-job decision making based on alternatives to profit and utility maximization. Such alternatives are relevant and significant when explaining firm activity in cultural environments in which self...
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We analyze the role of "the" utility discount rate and its implications to generation-specific and societal altruism … have to be distinguished: An (inverse) altruism-parameter and a social discount rate. High levels of the altruism … - as well as altruism-models and, additionally, the altruism-parameter has to be infinitely high. This shows clearly that …
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