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This paper studies the problem of screening teams of either moral or altruistic agents, in a setting where agents choose whether or not to exert effort in order to achieve a high output for the principal. I show that there exists no separating equilibrium menu of contracts that induces the...
Persistent link: https://www.econbiz.de/10012649710
by Adam Smith in the Theory of moral sentiments and connect these with the themes Smith subsequently discusses in the …
Persistent link: https://www.econbiz.de/10012655477
Choosing what is morally right can be based on the consequences (ends) resulting from the decision - the Consequentialist view - or on the conformity of the means involved with some overarching notion of duty - the Deontological view. Using a series of experiments, we investigate the overall...
Persistent link: https://www.econbiz.de/10014465011
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Within a general equilibrium model, this paper identifies a novel animal welfare externality that occurs if the private animal friendliness in a market economy falls short of the social animal friendliness used by the social planner when determining the efficient allocation. The animal welfare...
Persistent link: https://www.econbiz.de/10013472429
and effort choices, in these three jobs, to preferences for altruism and morality that are structurally estimated. The … predictions are tested in pre-registered experiments. We also estimate proxies for altruism/morality from the dictator … corrupt public sector job. The effects of altruism on occupational choice are subtle, but altruism positively influences the …
Persistent link: https://www.econbiz.de/10013473663
Choosing what is morally right can be based on the consequences (ends) resulting from the decision – the Consequentialist view – or on the conformity of the means involved with some overarching notion of duty – the Deontological view. Using a series of experiments, we investigate the...
Persistent link: https://www.econbiz.de/10014461859
characteristics (altruism, trust, reciprocity, and cooperativeness). After further analyses, we confirmed that the wider number of …
Persistent link: https://www.econbiz.de/10011845744
The article discusses the concepts of altruism and prosocial behavior and their importance in interdisciplinary studies … of behavioral economics. The basic theoretical models and concepts of altruism in Behavioral Economics are reviewed …. Altruism is shown to be a hidden and complicated form of selfishness. In essence, altruism and prosociality are therefore not …
Persistent link: https://www.econbiz.de/10014287725