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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/10010281418
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/10010281420
Persistent link: https://www.econbiz.de/10003336514
Persistent link: https://www.econbiz.de/10003459293
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/10003373745
We propose a repeated moral hazard model with full commitment and limited punishment to study the problem of aid allocation in environments characterized by asymmetric information. The donor (principal) finances a three-period development program and the elite of the recipient country (agent),...
Persistent link: https://www.econbiz.de/10003913947
rather than positive altruism. In a large class of two-stage games that includes principal-agent and gift-giving games, this …
Persistent link: https://www.econbiz.de/10008695432
Persistent link: https://www.econbiz.de/10003949061
Persistent link: https://www.econbiz.de/10003584665
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/10003591076