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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...
Persistent link: https://www.econbiz.de/10005656392
This proposal involves the establishment of ‘welfare accounts’ for every person in a country. There are four accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital account (covering education and training), and a health...
Persistent link: https://www.econbiz.de/10005661484
public good – here, new productions – to have access to a private good – here, fringe benefits – and by altruism. The results …
Persistent link: https://www.econbiz.de/10005504511
We build a theory of prosocial behaviour that combines heterogeneity in individual altruism and greed with concerns for …
Persistent link: https://www.econbiz.de/10005498047
We show that a measure of reciprocity derived from the Berg et al. (1995) trust game in a laboratory setting predicts the reciprocal behavior of the same subjects in a real-world situation. By using the Crowne and Marlowe (1960) social desirability scale, we do not find any evidence that a...
Persistent link: https://www.econbiz.de/10008468715
bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games …. Yet, when they are given the opportunity to punish free riders, stable cooperation is maintained although punishment is …
Persistent link: https://www.econbiz.de/10005504682
economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular but the electoral …
Persistent link: https://www.econbiz.de/10011084279
This Paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10005791797
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public utilities) taking a differential game approach, in which quality is a stock variable. Using a Hotelling framework, we derive the open-loop solution (providers commit to an...
Persistent link: https://www.econbiz.de/10005504502
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public utilities), using a Hotelling framework, in the presence of sluggish demand. We take a differential game approach, and derive the open-loop solution (providers commit to an...
Persistent link: https://www.econbiz.de/10005498167