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Physicians are traditionally liable under a negligence rule of liability. Economic analysis of liability rules …, including malpractice, assumes that the primary function of liability is injury prevention (deterrence). Compensation can be … provided more efficiently through other forms of social or private insurance. In theory, a negligence rule creates incentives …
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Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
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, parental altruism makes withdrawal of such support non-credible. To promote work effort, parents may want to instill norms …
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This discussion paper led to a publication in href=http://onlinelibrary.wiley.com/doi/10.1002/jae.1071/fullJournal of Applied Econometrics, 24(6), 993-1023.Parents’ transfer motives are important for understanding, e.g., macroeconomics, income (re)distribution, savings, and public finance....
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colleagues, which in turn creates co-worker altruism. We study how financial incentives for productive activities can improve or …
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-selection and allocation decisions of agents who differ in altruism towards clients. When bureaucrats are paid flat wages, they do … of the altruism distribution. We also show how client composition affects sorting and why street-level bureaucrats often …
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