Grohn, Jan; Huck, Steffen; Valasek, Justin Mattias - In: Journal of Economic Behavior & Organization 108 (2014) C, pp. 383-388
In this note we shall discuss a concept that – despite its prominence in both Hume (1739) and Smith (1759), its obvious relevance for social behavior, and its not so infrequent use in colloquial language – has never gained a foothold in economic theory: the concept of empathy. Specifically,...