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First the assumption of self-interest as applied in Economics is presented. Here we also discuss areas in which (many) people behave less self- but more other-regarding than traditional economic models assume. Then, greedy behaviour is considered as existing in the political and economic...
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This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …
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This study examines the relationship between the access to homebuyer credits and housing satisfaction among those buying affordable apartments, using a sample of 1,000 respondents from our own survey in 2016 in Hanoi, Da Nang and Ho Chi Minh Cities. Our regression analysis reveals the education...
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by Adam Smith in the Theory of moral sentiments and connect these with the themes Smith subsequently discusses in the …
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We analyze the role of "the" utility discount rate and its implications to generation-specific and societal altruism … and egoism, respectively, in a neoclassical framework. It is worked out clearly, that two different utility discount rates … have to be distinguished: An (inverse) altruism-parameter and a social discount rate. High levels of the altruism …
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