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Integrating Ethical Values and Economic Value to Steer Progress in Artificial Intelligence

Korinek, Anton - 2019

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...

Persistent link: https://www.econbiz.de/10012865277

Efficiency-Morality Trade-Offs in Repugnant Transactions : A Choice Experiment

Elias, Julio - 2016

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...

Persistent link: https://www.econbiz.de/10012983409

A Framework for Assessing Corporate Governance Reform

Hermalin, Benjamin E.; Weisbach, Michael S. - 2021

In light of recent corporate scandals, numerous proposals have been introduced for reforming corporate governance. This paper provides a theoretical framework through which to evaluate these reforms. Unlike various ad hoc arguments, this framework recognizes that governance structures arise...

Persistent link: https://www.econbiz.de/10013224890

Importing Corruption Culture from Overseas : Evidence from Corporate Tax Evasion in the United States

DeBacker, Jason - 2012

This paper studies how cultural norms and enforcement policies influence illicit corporate activities. Using confidential IRS audit data, we show that corporations with owners from countries with higher corruption norms engage in higher amounts of tax evasion in the U.S. This effect is strong...

Persistent link: https://www.econbiz.de/10013112043

Positive and Normative Judgments Implicit in U.S. Tax Policy, and the Costs of Unequal Growth and Recessions

Lockwood, Ben - 2016

Calculating the welfare implications of changes to economic policy or shocks requires economists to decide on a normative criterion. One approach is to elicit the relevant moral criteria from real-world policy choices, converting a normative decision into a positive inference, as in the recent...

Persistent link: https://www.econbiz.de/10012999997

What Do Independent Directors Know? Evidence from Their Trading

Ravina, Enrichetta - 2010

We compare the trading performance of independent directors and other officers of the firm. We find that independent directors earn positive and substantial abnormal returns when they purchase their company stock, and that the difference with the same firm's officers is relatively small at most...

Persistent link: https://www.econbiz.de/10012760496

Continuing Dangers of Disinformation in Corporate Accounting Reports

Kane, Edward J. - 2009

Insiders can artificially deflect the market prices of financial instruments from their full-information or inside value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of compensation that allow corporate insiders to profit...

Persistent link: https://www.econbiz.de/10012767752

Estimating the Impact of Crop Diversity on Agricultural Productivity in South Africa

Bellora, Cecilia - 2017

Crop biodiversity has the potential to enhance resistance to strains due to biotic and abiotic factors and to improve crop production and farm revenues. To investigate the effect of crop biodiversity on crop productivity, we build a probabilistic model based on ecological mechanisms to describe...

Persistent link: https://www.econbiz.de/10012954450

The Rise and Decline of General Laws of Capitalism

Acemoglu, Daron; Robinson, James Alan - 2014

Africa and Sweden to illustrate that inequality dynamics cannot be understood without embedding economic factors in the …

Persistent link: https://www.econbiz.de/10013039764

Does Illiquidity Alter Child Labor and Schooling Decisions? Evidence from Household Responses to Anticipated Cash Transfers in South Africa

Edmonds, Eric V. - 2021

in South Africa. For black households in South Africa, the social pension is large, highly anticipated, and shared across … generations. Moreover, pension benefits are largely determined by age in South Africa's extremely poor black population, and this … high levels of child labor. When households become eligible for the social pension in South Africa, the resulting increase …

Persistent link: https://www.econbiz.de/10013218969