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Economists have long speculated that envy and malice play important roles in economic decisions. Surprisingly little empirical evidence has been offered in support of such claims. This paper uses experimental and multinomial logit techniques to estimate the effects of envy and malice in economic decisions involving Pareto efficiency. Envy and malice turn(More)
We model growth in dictatorships facing each period an endogenous probability of " political catastrophe " that would extinguish the regime's wealth extraction ability. Domestic capital exhibits a bifurcation point determining economic growth or shrinkage. With low initial domestic capital the dictator plunders the country's resources and the economy(More)
The author describes a series of matrix choice games illustrating monopoly, shared monopoly, Cournot, Bertrand, and Stackelberg behavior given either perfect complements or perfect substitutes. The games are created by using a spreadsheet to fill out a profit table given the choices of two players. One player selects the column, the other the row, and the(More)
This paper employs the axiomatic approach underpinning the literature on income inequality measurement to analyze measures of dispersion in interval data. We …nd that some widely employed measures fail to properly measure dispersion when data are not of the ratio type. We go on to prove that, under reasonable conditions, variance is the only decom-posable(More)
Benabou and Ok use expected utility to argue the prospect of upward mobility may cause majority rejection of redistributive taxes that benefit the majority. In paid computerized experiments subjects in a lower pay class exhibit risk preference but are risk averse in a higher class. This suggests behavior toward risk is not constant but depends on relative(More)
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