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and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems … one sector of society at the expense of another. Each rationale sets different goals and assigns responsibiliy for …
Persistent link: https://www.econbiz.de/10012472798
This article calls for a greater integration of moral psychology and political economy. While these disciplines were …
Persistent link: https://www.econbiz.de/10014512133
Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints … - the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the … moral evaluation of actions in our society. The rise of Artificial Intelligence (AI) forces humanity to confront new areas …
Persistent link: https://www.econbiz.de/10012480076
We present an infinite-horizon model of moral standards where self-esteem and unconscious drives play key roles. In the model, an individual receives random temptations (such as bribe offers) and must decide which to resist. Individual actions depend both on conscious intent and a type...
Persistent link: https://www.econbiz.de/10012464139
To test the causal impact of religiosity, we conducted a randomized evaluation of an evangelical Protestant Christian values and theology education program that consisted of 15 weekly half-hour sessions. We analyze outcomes for 6,276 ultra-poor Filipino households six months after the program...
Persistent link: https://www.econbiz.de/10012453436
This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...
Persistent link: https://www.econbiz.de/10012464752
Throughout the Western world, people's policy views are correlated across domains in a strikingly similar fashion. This …
Persistent link: https://www.econbiz.de/10012481366
cultural heterogeneity, the world's geographical fragmentation by ethic and religious traits, at any given time. Finally, the …
Persistent link: https://www.econbiz.de/10012462145
This paper presents a new set of stylized facts about the global variation in universalism, leveraging hypothetical money allocation tasks deployed in representative samples of 64,000 people from 60 countries. Our data reveal large variation in universalism within and across countries, which...
Persistent link: https://www.econbiz.de/10013334376
country's legal system is more important than its religion and language in explaining shareholder rights. However, a country …'s principal religion helps predict the cross-sectional variation in creditor rights better than a country's openness to … international trade mitigates the influence of religion on creditor rights. Religion and language are also important predictors of …
Persistent link: https://www.econbiz.de/10012470502