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This paper tries to convey the essence of the economic theory of behaviour of individuals and firms to an audience of non-economists. The hypotheses of utility and profit maximization and their use as building blocks in the theory of market equilibrium are explained. The paper discusses the...
Persistent link: https://www.econbiz.de/10010765657
Arguably, for many citizens the perceived expected disutility from sanctions is smaller than the monetary gain from tax evasion. Nevertheless most people pay their taxes most of the time. In a lab experiment, we show that the willingness to pay taxes even absent enforcement is indeed pronounced....
Persistent link: https://www.econbiz.de/10012110574
Arguably, for many citizens the perceived expected disutility from sanctions is smaller than the monetary gain from tax evasion. Nevertheless most people pay their taxes most of the time. In a lab experiment, we show that the willingness to pay taxes even absent enforcement is indeed pronounced....
Persistent link: https://www.econbiz.de/10011977884
Empirically, the commons are not as tragic as standard theory predicts. The predominant explanation for this finding is conditional cooperation. Yet many real life situations involve insiders, who are directly affected by a dilemma, and outsiders, who may be harmed if the insiders overcome the...
Persistent link: https://www.econbiz.de/10011116888
NGOs are learning as well as knowledge- intensiv organisations. They are creating social value in the community where …-based society, their organisational processes are marked by learning and knowledge. The paper aims to propose a conceptual model of … the link between organisational learning and knowledge management within NGOs …
Persistent link: https://www.econbiz.de/10010675612
After presenting some casual evidence about the difference between economists and the rest of the population, first the survey and experimental evidence which has been presented on this topic during the last 20 years is discussed. But can these results really be transferred to real world...
Persistent link: https://www.econbiz.de/10005766201
This has been developed from the keynote speech of the inaugural Cambridge Capabilities Conference held in 2016 (a similar version is to be published in Anand, P.B., Comim, F.V. and Fennell, S. (eds), [provisional title] 'New Frontiers of the Capability Approach', forthcoming from Cambridge...
Persistent link: https://www.econbiz.de/10012946353
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
Welfare economics relies on consequentialism even though many philosophers have questioned this assumption. Survey evidence, based on a representative sample in Sweden, is presented here suggesting that most people’s ethical perceptions are consistent with consequentialism.
Persistent link: https://www.econbiz.de/10010576458
This exploratory study examines the effect of financial literacy (henceforward FL) on savings. A survey was conducted on 200 individuals in Oman for this study. Apart from FL, socio-demographics such as gender, age, and education were also analyzed. Data analysis was done using logistic...
Persistent link: https://www.econbiz.de/10013297148