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Di Tella, Rafael - 2010

concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an …

Persistent link: https://www.econbiz.de/10013151652

Ethical Foundations of Financial Regulation

Kane, Edward J. - 2008

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems …

Persistent link: https://www.econbiz.de/10012774887

Altruism and the Child-Cycle of Alumni Giving

Meer, Jonathan - 2007

teenagers do not. The evidence is strongly consistent with the child-cycle pattern. Thus, while altruism drives some giving, the …

Persistent link: https://www.econbiz.de/10012776811

The Power of Asking : How Communication Affects Selfishness, Empathy, and Altruism

Andreoni, James - 2010

To understand the "pure" incentives of altruism, economic laboratory research on humans almost always forbids … communication between subjects. In reality, however, altruism usually requires interaction between givers and receivers, which … altruism are built on human sociality. We experimentally examine communication in which one subject allocates $10 between …

Persistent link: https://www.econbiz.de/10013138083

Agency Problems and the Fate of Capitalism

Morck, Randall - 2010

Economics has firms maximizing value and people maximizing utility, but firms are run by people. Agency theory concerns …

Persistent link: https://www.econbiz.de/10013136737

The Shape of Temptation : Implications for the Economic Lives of the Poor

Banerjee, Abhijit V. - 2010

This paper argues that the relation between temptations and the level of consumption plays a key role in explaining the observed behaviors of the poor. Temptation goods are defined to be the set of goods that generate positive utility for the self that consumes them, but not for any previous...

Persistent link: https://www.econbiz.de/10013143763

Optimal Taxation with Rent-Seeking

Rothschild, Casey G. - 2011

Recent policy proposals have suggested taxing top incomes at very high rates on the grounds that some or all of the highest wage earners are engaged in socially unproductive or counterproductive activities, such as externality imposing speculation in the financial sector. To address this, we...

Persistent link: https://www.econbiz.de/10013125562

A Theory of the Perturbed Consumer with General Budgets

McFadden, Daniel - 2012

foundation for applications of consumer theory to problems with nonlinear budget constraints …

Persistent link: https://www.econbiz.de/10013108254

Modeling Inefficient Institutions

Acemoglu, Daron - 2021

Why do inefficient %uF818 non-growth enhancing %uF818 institutions emerge and persist? This paper develops a simple framework to provide some answers to this question. Political institutions determine the allocation of political power, and economic institutions determine the framework for...

Persistent link: https://www.econbiz.de/10013247019

Voting as a Rational Choice : Why and How People Vote to Improve the Well-Being of Others

Edlin, Aaron S. - 2010

For voters with quot;socialquot; preferences, the expected utility of voting is approximately independent of the size of the electorate, suggesting that rational voter turnouts can be substantial even in large elections. Less important elections are predicted to have lower turnout, but a...

Persistent link: https://www.econbiz.de/10012759742