Showing 1 - 3 of 3
Altruism, understood as the individual disposition to sacrifice personal income to improve someone else’s income can be a rational choice strategy which responds to different motivations, incentives and institutions, in a consistent way with the donor’s optimization logic. In this article we...
Persistent link: https://www.econbiz.de/10014200721
Promotion of pro-social behavior in social dilemmas has been subject to an increased interest among social scientists and policy makers due to the relevance of Common Pool Resources (CPR) in long-run human well-being. Although economists know a lot about the effect of incentives on pro-social...
Persistent link: https://www.econbiz.de/10013018977
Security prices are informative about the probability of a subsequent downgrade, but this informativeness is affected by two frictions taking place between the issuer and the investor. I use a measure of documentation quality in private label mortgages to show that the predominant friction...
Persistent link: https://www.econbiz.de/10012897708