By Oded Stark
How do altruistic hyperlinks impact allocative habit and well being? Can the approaches of transmission and possible acquisition of parental features bring about a solid equilibrium the place all brokers are altruists? Why do young ones provide their mom and dad with consciousness and care? Does the timing of the intergenerational move of the family's efficient asset have an effect on the recipient's incentive to procure human capital? Why do migrants remit? Altruism and past offers solutions to those and similar questions. furthermore, it strains a number of the industry repercussions of the intrafamilial, intergenerational, and intragroup transfers and exchanges that it types.
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Extra info for Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups (Oscar Morgenstern Memorial Lectures)
The answers to all these questions are negative. 4) and consider once again the case where the father has a total ®xed amount of corn available for consumption C. Suppose the felicity functions are such that for any C ! 0, VF CF VS CS V C. As before, we solve for the optimal level of the father's consumption of corn. If the father is not altruistic toward his son at all, that is, if F 0, the father chooses C to maximize VF CF V C subject to C C. The father's utility will be V C.
P wants K to transfer resources to him in the next period when P becomes a G and 2 The use of guilt, attitudes, and group norms as explanations of behavior has a long and rich tradition in sociology. Not so in economics, however. 9) remarks that ``Economists neglect concepts like norms and guilt because no one really knows how they evolve. Moreover, sociologists ... '' 53 Altruism and beyond K becomes a P. To demonstrate to K how he should behave in the next period, P makes visible transfers to G when K is around to watch.
5 It is useful to check how general is the result that with utility interdependence, a rise in altruism that leads to consumption transfers could make the transferring party worse off. In particular, does the result depend on the underlying speci®cation of the utility functions? Does it hinge on the parameterization of a rise in the father's altruism being expressed through an increase in F ? 8)? The answers to all these questions are negative. 4) and consider once again the case where the father has a total ®xed amount of corn available for consumption C.
Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups (Oscar Morgenstern Memorial Lectures) by Oded Stark