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Although the elderly are more vulnerable to COVID-19, the empirical evidence suggests that they do not behave more cautiously in the pandemic than younger individuals. This theoretical model argues that some individuals might not comply with the COVID-19 measures to reassure themselves that they...
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). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in …
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care about relative pay. I argue that these findings fit with behavioral stories of incentives and motivation, in …
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