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A wide experimental evidence shows that people, do care about their opponents' payoff during social interaction. Our design aims at shed light over the relative importance of different motives behind non selfish choices highlighted in the recent literature. After a standard public good game, one...
Persistent link: https://www.econbiz.de/10014026598
This survey reviews the relationship between regulation and distribution, focusing on regulatory reform in developing countries. The characteristics of these countries impose constraints on appropriate regulatory policies. These constraints condition: i) the terms of the trade-off between firms'...
Persistent link: https://www.econbiz.de/10012726545
We present an explanation of the high frequency of team production and high level of peer monitoring found in Japanese firms, in terms of a simple and empirically grounded variation in individual utility functions. We argue that Japanese agents are generally characterized by a higher degree,...
Persistent link: https://www.econbiz.de/10012726745