scholarly journals Measuring the Welfare Effects of Shame and Pride

2022 ◽  
Vol 112 (1) ◽  
pp. 122-168
Author(s):  
Luigi Butera ◽  
Robert Metcalfe ◽  
William Morrison ◽  
Dmitry Taubinsky
Keyword(s):  
Welfare Effects ◽  
Social Efficiency ◽  
Social Image ◽  
High Performing ◽  
Charitable Behavior ◽  
The Social ◽  
Public Recognition ◽  
Social Signaling ◽  
Image Utility ◽  
Desirable Behavior

Public recognition is frequently used to motivate desirable behavior, yet its welfare effects—such as costs of shame or gains from pride— are rarely measured. We develop a portable empirical methodology for measuring and monetizing social image utility, and we deploy it in experiments on exercise and charitable behavior. In all experiments, public recognition motivates desirable behavior but creates highly unequal image payoffs. High-performing individuals enjoy significant utility gains, while low-performing individuals incur significant utility losses. We estimate structural models of social signaling, and we use the models to explore the social efficiency of public recognition policies. (JEL C93, D64, D82, D91)

scholarly journals The Role of Social Bonds in Understanding the Pre- and Post-Recognition Effects of Recognition Visibility

2021 ◽  
Author(s):  
Joe Burke
Keyword(s):  
Social Bonds ◽  
Social Bond ◽  
Employee Behavior ◽  
High Performing ◽  
The Social ◽  
Public Recognition ◽  
Employee Relationships

Distinguishing high-performing employees imposes choices on managers: Is recognition most effectively delivered publicly or privately? If delivered publicly, what setting is best? This paper broadens the accounting literature on the implications of these decisions. Via experiment, I examine how the social bond between recognized employees and those observing the recognition influences the effect of recognition visibility on employee behavior. I find that with weak social bonds, public recognition (versus private) does not result in more beneficial employee behavior. However, when social bonds are strong, employees provide greater pre-recognition effort and respond more positively to public recognition than to private recognition. Overall, my study supports the extensive use of public recognition in practice and helps clarify the collective results from prior accounting studies. My findings also have implications for implementing recognition programs - suggesting managers should consider employee relationships when deciding how and where to recognize their employees.

Transitioning to a higher retirement age with exponential and quasi-hyperbolic discounters in mixed economies

2020 ◽  
Author(s):  
Sarah Lynne Salvador Daway-Ducanes
Keyword(s):  
Overlapping Generations ◽  
Hyperbolic Discounting ◽  
Welfare Effects ◽  
Retirement Age ◽  
Tax Rate ◽  
Welfare Impacts ◽  
The Social ◽  
Welfare Implications ◽  
Pension Benefits ◽  
Exponential Discounting

Abstract This paper analyses the macroeconomic and welfare effects of a higher retirement age within a dynamic overlapping generations framework, wherein exponential discounting and sophisticated quasi-hyperbolic discounting agents coexist in ‘mixed economies’. The transitional dynamics of economic aggregates depend on the proportion of QHD agents, and the extent to which reducing the social security tax rate mitigates crowding-out effects on savings and enables both lower pension contributions and higher pension benefits. Welfare impacts across agent types and cohorts differ accordingly: QHD agents employ the higher retirement age as a commitment mechanism to mitigate the adverse welfare implications of present-biasedness.

scholarly journals Seven Computations of the Social Brain

2021 ◽  
Author(s):  
Tanaz Molapour ◽  
Cindy C Hagan ◽  
Brian Silston ◽  
Haiyan Wu ◽  
Maxwell Ramstead ◽  
...  
Keyword(s):  
Social Interactions ◽  
Social World ◽  
Social Brain ◽  
Verbal Cues ◽  
True Nature ◽  
Multiple Modalities ◽  
The Social ◽  
Processing Demands ◽  
Social Signaling ◽  
The Brain

ABSTRACT The social environment presents the human brain with the most complex of information processing demands. The computations that the brain must perform occur in parallel, combine social and nonsocial cues, produce verbal and non-verbal signals, and involve multiple cognitive systems; including memory, attention, emotion, learning. This occurs dynamically and at timescales ranging from milliseconds to years. Here, we propose that during social interactions, seven core operations interact to underwrite coherent social functioning; these operations accumulate evidence efficiently – from multiple modalities – when inferring what to do next. We deconstruct the social brain and outline the key components entailed for successful human social interaction. These include (1) social perception; (2) social inferences, such as mentalizing; (3) social learning; (4) social signaling through verbal and non-verbal cues; (5) social drives (e.g., how to increase one’s status); (6) determining the social identity of agents, including oneself; and (7) minimizing uncertainty within the current social context by integrating sensory signals and inferences. We argue that while it is important to examine these distinct aspects of social inference, to understand the true nature of the human social brain, we must also explain how the brain integrates information from the social world.

scholarly journals Cards on the Table: Efficiency and Welfare Effects of the No-Surcharge Rule

2018 ◽  
Vol 17 (1) ◽  
pp. 25-50 ◽  
Author(s):  
David Henriques
Keyword(s):  
Social Welfare ◽  
Optimal Policy ◽  
Network Externalities ◽  
Welfare Effects ◽  
Retail Price ◽  
Electronic Payment ◽  
Price Efficiency ◽  
Payment Card ◽  
The Social ◽  
Card Payment

Abstract In Electronic Payment Networks (EPNs), the No-Surcharge Rule (NSR) requires that merchants charge at most the same amount for a payment card transaction as for cash. In this paper, I use a three-party model (consumers, local monopolistic merchants, and a proprietary EPN) with endogenous transaction volumes, heterogeneous card use benefits for merchants and network externalities of card-accepting merchants on cardholders to assess the efficiency and welfare effects of the NSR. I show that the NSR: (i) promotes retail price efficiency for cardholders, and (ii) inefficiently reduces card acceptance among merchants. The NSR can enhance social welfare and improve payment efficiency by shifting output from cash payers to cardholders. However, if network externalities are sufficiently strong, the reduction of card payment acceptance affects cardholders negatively and, with the exception of the EPN, all agents will be worse off under the NSR. This paper also suggests that the NSR may be an instrument to decrease cash usage, but the social optimal policy on the NSR may depend on the competitive conditions in each market.

scholarly journals Alleviating Poverty through Islamic Microfinance: Outreach and Efficiency (Study on BMT and Islamic Cooperatives in Indonesia)

2020 ◽  
Vol 16 ◽  
pp. 1362-1376
Author(s):  
Purwanto Purwanto ◽  
Ina Primiana ◽  
Dian Masyita ◽  
Erie Febrian
Keyword(s):  
Coefficient Of Determination ◽  
Data Envelopment ◽  
Strong Positive Correlation ◽  
Microfinance Institutions ◽  
Social Efficiency ◽  
Qualitative Approaches ◽  
The Social ◽  
Dependent Variables ◽  
Islamic Microfinance ◽  
The Impact

The involvement of Islamic Microfinance Institutions (IMFI) in building the national economy is paramount to help the poor. However, provision of access and services to lower-level households can potentially conflict with the sustainability of the institutions. This study analyses the social outreach factors that determine financial and social efficiencies. To reach the set goal and solve this issue, we used mixed methodology combining quantitative (statistical instruments, such as Data Envelopment Analysis (DEA) and multivariate analysis) and qualitative approaches (interviews to clarify or deepen the existing information). The assessment of the dependent variables is influenced by proxies of depth, breadth, length, scope, and cost. The results showed that the average loan instalments and the number of offices and branches significantly influence financial and social efficiency. The age of the institution only has an effect on financial efficiency. Simultaneously, profit orientation, the amount and type of financing and the amount and type of savings only have a high impact on social efficiency, whereas the impact of fund collection and cost per borrower is insignificant. There is a strong positive correlation between the two dependent variables. The influence of independent variables on financial and social efficiency is significant with the coefficient of determination 23.1274 % and 53.2941 %, respectively.

scholarly journals Karakteristik Seni Kerajinan Eceng Gondok Gorontalo

2020 ◽  
Vol 15 (1) ◽  
pp. 38-47
Author(s):  
I Wayan - Sudana ◽  
Isnawati Mohamad
Keyword(s):  
Production Technology ◽  
Water Hyacinth ◽  
Raw Materials ◽  
Study Data ◽  
Production Equipment ◽  
Literature Study ◽  
Social Image ◽  
Technology Products ◽  
The Social

Upaya pengembangan kerajinan eceng gondok di Gorontalo sebagai sektor unggulan harus dilandasi oleh karakteristik yang meliputi potensi dan permasalahan. Namun, data tentang karakteristik kerajinan belum tersedia secara komprehensif. Penelitian ini bertujuan untuk menggali unsur-unsur kerajinan eceng gondok Gorontalo untuk mengungkap potensi dan permasalahan yang ada. Penelitian menggunakan metode kualitatif model studi kasus. Pengumpulan data dilakukan melalui observasi, wawancara, tes, dan studi pustaka. Data dianalisis secara interaktif melalui seleksi dan pengkodean, kategorisasi, penyajian data dan diskusi, dan penarikan kesimpulan. Hasil penelitian menunjukkan bahwa kerajinan eceng gondok Gorontalo memiliki karakteristik aspek: pengrajin, teknologi produksi, produk, dan distribusi yang mencerminkan potensi dan permasalahan yang ada. Karakteristik pengrajin adalah ahli dalam keterampilan produksi tetapi lemah dalam inovasi desain. Ciri khas teknologi produksi adalah potensi ketersediaan bahan baku dan cara kerja yang sistematis. Tetap saja, ini bermasalah dalam modernisasi peralatan produksi dan pembagian kerja. Karakteristik dari segi produk adalah potensinya dalam keragaman produk tetapi masalah dalam standarisasi ukuran dan ergonomis. Ciri-ciri dari aspek distribusi meliputi potensi dalam memasarkan produk dengan berbagai cara tetapi terdapat masalah dalam promosi dan peningkatan citra sosial produk. Temuan ini bisa dijadikan acuan untuk merumuskan konsep pengembangan kerajinan eceng gondok Gorontalo secara tepat atau sejenisnya. Characteristics of Gorontalo Water Hyacinth Craft Art  Abstract: Efforts to develop water hyacinth craft in Gorontalo as a leading sector must be based on characteristics that include potential and problems. However, data on the characteristics of crafts are not yet available comprehensively. This study aims to explore the characteristics of Gorontalo water hyacinth craft to uncover the potential and problems. The study used qualitative methods of case study models. The data were collected through observation, interviews, testing, and literature study. Data were analyzed interactively through selection and coding, categorization, data display and discussion, and conclusions. The results showed that Gorontalo water hyacinth craft has characteristics in aspects: crafters, production technology, products, and distribution that reflect the potential and problems. The characteristics of the crafters are experts in production skills but weak in design innovation. The characteristic of production technology is the potential in the availability of raw materials and systematic work methods. However, it is problematic in the modernization of production equipment and the division of labor. A characteristic in terms of products is its potential in product diversity but problems in standardizing size and ergonomics. The characteristics of the distribution aspect include the potential in marketing products in various ways but problems in the promotion and improvement of the social image of the product. This finding can be used as a reference to formulating the concept of developing Gorontalo water hyacinth craft appropriately or other similar crafts.

Psychological features of self-affirmation of adolescents

2020 ◽  
Vol 43 (2) ◽  
pp. 11-20
Author(s):  
Sh. Aukhadieva ◽  
◽  
N. Akhtaeva ◽  
A. Hananyan ◽  
◽  
...  
Keyword(s):  
Self Esteem ◽  
Psychological Characteristics ◽  
Team Leaders ◽  
Historical Aspects ◽  
Personal Significance ◽  
The Social ◽  
Public Recognition ◽  
Personal Qualities ◽  
Activity Behavior ◽  
Psychological Features

The study of the process of self-affirmation of the personality of adolescents allows us to speak about the relevance of this phenomenon in the interests of improving the effectiveness of team leaders to unite the latter and solve educational tasks. The purpose of the study was to study the features of self-affirmation of adolescent children. The author of the article considers the historical aspects of studying the psychological features of self-assertion, analyzes the conditions and opportunities for the manifestation and approval of a person’s individuality. The article substantiates the position that the success of self-affirmation is more related to the satisfaction of a person’s need to assess his /her activity, behavior, and personal qualities from the social environment than to the dissatisfaction of this need. The paper examines the psychological characteristics of adolescence. By self-affirmation of adolescents, the author understands the awareness of their personal significance, the level of their claims, and the formation of an adequate self-esteem. The author believes that the realization of the need for self-affirmation in adolescents is associated with two main conditions: the presence of a certain sphere of activity that will allow the teenager to fully Express and reveal himself; the presence of public recognition of his activities by others.

Naked Open-Market Manipulation and Its Effects

2018 ◽  
pp. 199-231 ◽  
Author(s):  
Merritt B. Fox ◽  
Lawrence R. Glosten ◽  
Gabriel V. Rauterberg
Keyword(s):  
Social Welfare ◽  
Theory Of The Firm ◽  
Analytical Framework ◽  
Welfare Effects ◽  
Market Manipulation ◽  
Open Market ◽  
Central Question ◽  
Federal Law ◽  
Trading Activity ◽  
The Social

More than 80 years after US federal law first addressed stock market manipulation, there is still dispute about manipulation law’s foundational principles; this chapter aims to provide clarity by offering an analytical framework for understanding a specific manipulation. There has been a sharp split among the federal circuits concerning manipulation law’s central question: Can trading activity alone ever be considered illegal manipulation? Economists and legal scholars do not agree on whether manipulation is possible in principle, let alone on how to address it properly in practice. The framework offered by this chapter aims to help clarify federal law and may guide regulators in successfully prosecuting financial law’s most intractable wrong. We draw on the tools of microstructure economics and the theory of the firm to provide an analysis of a particular form of manipulation, identify who is harmed by it, and evaluate the social welfare effects.

Sign in / Sign up

Export Citation Format

Share Document