External corporate financing typically involves contracts presenting a majority of the financial risks of the entrepreneurial activity on the entrepreneur. In academic literature, this one-sided risk allocation is usually justified by the informational advantages and unobservable actions of the...

Psychology has inspired economics to recognize intentions in addition to outcomes as being relevant for utility and behavior. Reciprocal behavior, in particular, has been related to the kindness of chosen actions and how kindness can be derived from the benefits obtained in unchosen...

This paper revisits the question of framing and the provision of public goods. It also addresses the question, is giving in Dictator Games an expression of altruism or an artefact of experimentation? What is unique about this paper is that we employ a real donationʺ lab experiment in a...