Following the 1987 report by The World Commission on Environment and Development, the genuine saving has come to play a key role in the context of sustainable development, and the World Bank regularly publishes numbers for genuine saving on a national basis. However, these numbers are typically...

We develop a simple model of generous behavior. It is based on the premise that some people are generous, but everyone wants to appear generous—especially in the eyes of other generous people. Although non-monetary donations are always inefficient, they frequently occur in equilibrium because...

We develop a simple model of generous behavior. It is based on the premise that some people are generous, but everyone wants to appear generous--especially in the eyes of other generous people. Although non-monetary donations are always inefficient, they frequently occur in equilibrium because...