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We show that if agents are risk neutral, prizes outperform wages if and only if there is sufficient pride and envy …
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driven by envy even though it generates direct utilitarian gains. That share rises as the role of envy is made more salient …
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driven by envy even though it generates direct utilitarian gains. That share rises as the role of envy is made more salient …
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take into account quot;envyquot; in the income distribution. The concept of envy incorporated here concerns the distance of …
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