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utility is represented by a convex combination of selfish preferences and Kantian morality, or by altruism. In a moral hazard … incentives decreases with the degrees of morality and altruism displayed by the agents, thus leading to increased profits for the …
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In a multi-agent setting, individuals often compare own performance with that of their peers. These comparisons influence agents incentives and lead to a noncooperative game, even if the agents have to complete independent tasks. I show that depending on the interplay of the peer effects, agents...
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