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| James, Harvey S., Jr.; Chymis, Athanasios G.. |
| We examine empirically the relationship between happiness and the ethical decisions of individuals. We use data from the 1995-97 wave of the World Values Survey (WVS) to test the hypothesis that the relationship between happiness and ethics is bicausal in the sense that personal ethics affects one's happiness while happiness also affects ethical preferences and proclivities. We find that happiness increases in ethical proclivities and that greater happiness results in improved ethical judgments, after correcting for bicausality and controlling for income and other factors. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Institutional and Behavioral Economics. |
| Ano: 2004 |
URL: http://purl.umn.edu/26034 |
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| Chymis, Athanasios G.; James, Harvey S., Jr.; Konduru, Srinivasa; Pierce, Vern L.. |
| The paper analyzes the problem of asymmetric information between buyers and sellers in cattle auctions. An illustration is made regarding the vaccinations that the animals receive. Buyers do not know and cannot verify if sellers have vaccinated their animals forcing them to consider revaccination. Revaccination is only a part of the broader problem of information asymmetry that includes other quality issues and costs that can be saved, thereby increasing the welfare of both buyers and sellers. Structural characteristics of ranching, traditions and consumers' preferences are taken into account and a wider approach is attempted to explain the persistence of the problem in light of potential institutional solutions. We argue for a comprehensive empirical... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 2004 |
URL: http://purl.umn.edu/26039 |
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