منابع مشابه
Social Norms and Moral Norms Workshop Social Norms and Moral Norms Workshop Welcome Address
Dear Participant, We are very pleased to welcome you at the GATE research institute. This workshop aims at developing scientific discussions about Social Norms and Moral Norms. The objective is to better understand when people are more, or less, likely to act honestly and follow the moral course of action and norms instead of serving their strict self-interest at the others' expense. We are ext...
متن کاملSocial and Moral Norms in the Laboratory
Social norms involve observation by others and external sanctions for violations, while moral norms involve introspection and internal sanctions. We develop a simple model of individual preferences that incorporates moral and social norms. We then examine dictator choices, where we create a shared understanding by providing advice from peers with no financial payoff at stake. We vary whether ad...
متن کاملSimple Models of Operating Moral Hazard and Investing Moral Hazard
In this paper, we depict and analyze simple models of moral hazard, namely “operating moral hazard” and “investing moral hazard.” First we assume that a corporation exists primarily for the benefit of their shareholders. Then, moral hazard occurs when managers choose an option knowingly that is not optimum for shareholders. We evaluate the loss to shareholders in terms of cash flow to them in t...
متن کاملMoral Hazard and Observability
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متن کاملMoral Hazard and Ambiguity
We consider a principal-agent model with moral hazard where the agent’s knowledge about the performance measure is ambiguous and he is averse towards ambiguity. We show that the principal may optimally provide no incentives or contract only on a subset of all informative performance measures. That is, the Informativeness Principle does not hold in our model. These results stand in stark contras...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 2001
ISSN: 0013-0133,1468-0297
DOI: 10.1111/1468-0297.00648