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Warm-glow refers to other-serving behavior that is valuable for the actor per se, apart from its social implications. We provide axiomatic foundations for warm-glow by viewing it as a form of preference for larger choice sets, in the sense of the literature on freedom of choice. Specically, an...
Persistent link: https://www.econbiz.de/10010535509
a large election, despite the presence of altruism. …
Persistent link: https://www.econbiz.de/10010548313