Do Leaders Affect Ethical Conduct?

Do Legal Standards Affect Ethical Concerns of Consumers?

Do Legal Standards Affect Ethical Concerns of Consumers? In order to address the impact of regulation on ethical concerns of consumers, we study the effect of a minimum wage. In our experimental market, consumers have monopsony power, firms engage in Bertrand competition, and workers are passive recipients of a wage payment. Two treatments are employed, one with no minimum wage in the first par...

What Do Leaders Know?

The ability of a society to make the right decisions on relevant matters relies on its capability to properly aggregate the noisy information spread across the individuals of which it is made. In this paper, we study the information aggregation performance of a stylized model of a society, whose most influential individuals—the leaders—are highly connected among themselves and uninformed. Agent...

AMIA's Code of Professional and Ethical Conduct

Codes of Conduct and Ethical Guidelines

Economics and industry do not mean ethical conduct in clinical trials

Clinical trials present an ethical dilemma for pharmaceutical companies. While companies may want to undertake and report these trials in an ethical manner, negative results can significantly affect product sales. There is accumulating evidence that company-financed trials are biased in favor of the product that the company makes. Ethical conduct in this article is defined as whether the trials...