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There exists evidence in the social science literature that women may be more relationship- oriented, may have higher standards of ethical behavior and may be more concerned with the common good than men are. This would imply that women are more willing to sacri.ce private pro.t for the public...
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We experimentally analyse simultaneous behaviour in a contest game and a public good game, whose endowment is shared. Competition for resources (i) almost eliminates overbidding, without affecting public good contributions and (ii) almost eliminates the behavioural spillovers between the games.
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The standard approach to nominal illusion in Economics sees it as a transitory phenomenon, as economic agents eventually see through the nominal veil, making the right choices. Recent empirical studies suggest that money illusion may persist, distorting real prices in a variety of economic...
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