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Persistent link: https://www.econbiz.de/10010557739
the referrer. The advantage of the lab setting is that we can isolate directed altruism as the only reason for these …
Persistent link: https://www.econbiz.de/10010757449
mixture of true and coerced altruism between family members. We model families as pairs of siblings. Each sibling exerts …
Persistent link: https://www.econbiz.de/10004961534
Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder,...
Persistent link: https://www.econbiz.de/10005826212
analyze how the equilibrium outcome depends on altruism and climate for ex ante identical individuals. We also consider (a …) "coerced altruism," that is, situations where a social norm dictates how output be shared, (b) the effects of insurance markets … ,and (c) the role of institutional quality. The evolutionary robustness of altruism is analyzed and we study how this …
Persistent link: https://www.econbiz.de/10005027884
other. We show that altruism has a non-monotonic effect on effort. We study how this effect depends on "climate," the …
Persistent link: https://www.econbiz.de/10005190902
We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries …. Thus, IFI altruism and the inability to commit are sufficient reasons to equip loans with conditions. Conditional loans … produce an efficient allocation of resources, so altruism is not a fundamental reason that loans fail to increase welfare. …
Persistent link: https://www.econbiz.de/10005604948
mixture of true and coerced altruism between family members. We model families as pairs of siblings. Each sibling exerts … actuarially fair formal insurance. We show that coerced family altruism reduces individual efforts in equilibrium. However …, individuals always benefit ex ante from living in families with coerced altruism, as compared with living in autarky. We show that …
Persistent link: https://www.econbiz.de/10005649417
analyze how the equilibrium outcome depends on altruism and climate for ex ante identical individuals. We also consider (a …) "coerced altruism," that is, situations where a social norm dictates how output be shared, (b) the effects of insurance markets …, and (c) the role of institutional quality. The evolutionary robustness of altruism is analyzed and we study how this …
Persistent link: https://www.econbiz.de/10005649421
Two agents sequentially contracts with different principals under moral hazard. If agents care for one another, the second principal gains by insuring them over first wages. Even with independent tasks, the first principal must offer riskier payments to induce effort.
Persistent link: https://www.econbiz.de/10010795028