Alternatives to Punishment: The power to annul an economic exchange promotes self- rather than other-regarding preferences in fairness and trust games

2021 ◽  
Author(s):  
Sinthu Sridharan ◽  
Rashmi Sudarsan ◽  
Ruibo Dong ◽  
Chi Cheong ◽  
Lasana Harris
Keyword(s):  
The Other ◽  
Economic Exchange ◽  
Social Motives ◽  
The Public ◽  
Trust Games ◽  
Games Studies ◽  
Economic Transaction ◽  
Other Regarding ◽  
Other Regarding Preferences

Fairness and trust appraisals that engender economic exchange rely on thoughts about another person’s mind to satisfy self- (profit maximising) and other-regarding (social motives) preferences. Punishment should promote fairness and trust within economic exchange, guarding against free-riding and trust violations, but depends on other-regarding preferences concerned with the violator. Here, we explore an alternative to punishment that may instead promote self-regarding preferences—the opportunity for the decision-maker to annul (veto) the economic transaction. We test this veto approach by having participants assume the role of investor(s) in modified versions of the public goods (Studies one and three) and trust games (Studies two and four). Across four studies both online and in laboratory with two economic games, investor(s) could veto a transaction—annul a previous exchange—if the return from the other player(s) was deemed unsatisfactory. We find that this manipulation increased investment by the investor(s), consistent with games where second-party punishment is possible. Moreover, self-regarding preferences predicted veto behaviour, while other-regarding preferences predicted punishment behaviour. We argue that this veto approach can be an alternative to punishment that can safe-guard fairness and trust during economic exchange.

Going Far by Going Together: James M. Buchanan’s Economics of Shared Ethics

2021 ◽  
pp. 1-15
Author(s):  
Art Carden ◽  
Gregory W. Caskey ◽  
Zachary B. Kessler
Keyword(s):  
Business Ethics ◽  
Economic Analysis ◽  
Public Good ◽  
Public Capital ◽  
The Public ◽  
Economic Progress ◽  
The Individual ◽  
Other Regarding ◽  
Ethical Communication ◽  
Other Regarding Preferences

We explore themes in Nobel Prize–winning economist James M. Buchanan’s work and apply his Ethics and Economic Progress to problems facing individuals and firms. We focus on Buchanan’s analysis of the individual work ethic, his exhortations to “pay the preacher” of the “institutions of moral-ethical communication,” and his notion of law as “public capital.” We highlight several ways people with other-regarding preferences can contribute to social flourishing and some of the ways those who have “affected to trade for the public good” might want to redirect their efforts. We show how Buchanan’s work has considerable implications for business ethics. Just as his economic analysis of politics changed how we understand government, we think his economic analysis of ethics can (and should) change how we understand business.

scholarly journals AgFact: Linking farmers with facts

1997 ◽  
pp. 145-147
Author(s):  
G.I. Ogle ◽  
A.L. Craigie ◽  
M.J. Baker
Keyword(s):  
Service Sector ◽  
The Other ◽  
Information Need ◽  
End User ◽  
Information Base ◽  
The Public ◽  
High Profile ◽  
Key Issues ◽  
Distribution Chain

The AgLINK bulletin series dominated all agricultural and horticultural information publications from the late 1960s to the late 1980s, when it was discontinued. The collapse of such a high profile series raises questions about the viability of such a mechanism for linking farmers with facts. This failure highlights three key issues: the need to define and allocate the costs based on who benefits; the appropriate positioning of parties within the distribution chain; and a quality specification to which bulletins must adhere. We consider that AgFACT, the AgResearch pastoral agriculture information base which superseded AgLINK in 1997, should largely be cost neutral to science groups in AgResearch. However, the resources for providing information need to be met by science programmes, a cost which is outweighed by the opportunity to communicate with science stakeholders. The costs of distribution and retail need to fall with the other parties who benefit from the dissemination of this information - the retailer and the end user. We also consider that the role of AgResearch is in manufacture rather than sales to the public, which is best done by the agricultural service sector. AgFACT must maintain tight specifications, to ensure that it is relevant to farmers and other users, accurate and unbiased, and up to date. The penalty for not doing so is a loss of value and, moreover, a risk of it becoming a public liability. Keywords: AgFACT, AgLINK, agricultural information, information base, technology transfer

Crimes against the body: causing harm

2017 ◽  
Author(s):  
Alannah Tomkins
Keyword(s):  
Violent Crime ◽  
Expert Witness ◽  
The Body ◽  
The Other ◽  
Medical Practitioners ◽  
The Public ◽  
Other Hand ◽  
Lay Public

Medical practitioners who were accused of committing violent crime against the bodies of people other than patients presented both the profession and the public with a problem. Both professional bodies and the lay public desired doctors to be social heroes, inhabiting the role of expert witness and protecting the body rather than appearing as a defendant. This study of practitioners accused of either rape or murder finds the limits of medical competition, as men accused of rape were likely to be acquitted to courtroom applause. Medical murderers, on the other hand, offered the profession viable scapegoats to reinforce the impression that the medical fraternity was willing to admit to limited instances of wrong-doing.

scholarly journals Two decades of change in Dutch university art libraries

2009 ◽  
Vol 34 (4) ◽  
pp. 24-28
Author(s):  
Martien Versteeg
Keyword(s):  
21St Century ◽  
Art History ◽  
The Other ◽  
The Public ◽  
Dutch Art ◽  
Other Hand ◽  
The Many ◽  
Library User

In 1987 Chris Smeenk wrote in this journal about the libraries of the Dutch art historical institutes. In the 22 years that have since passed many changes have occurred, perhaps most notably the merging of the many autonomous institute libraries into larger ones. Has this led to a more professional approach or was it caused by a search for more efficiency? Does this really matter? The fact is that Smeenk, or any other library user familiar with Dutch art history libraries, would hardly recognise the situation at the end of the first decade of the 21st century. Maybe he would complain about the disappearance of the traditional academic institute librarian, but on the other hand he might be cheered by many other developments, such as the more central role of services for the public. Let’s take a look....

scholarly journals La evaluación docente. Una herramienta en la mejora del proceso enseñanza-aprendizaje en las instituciones de educación superior

2020 ◽  
pp. 1-9
Author(s):  
Silvia Gamboa-Cerda ◽  
Ignacio Villegas-Flores ◽  
Juan Emilio Medellín-Ramírez ◽  
María del Carmen Herrera-Chaires
Keyword(s):  
Higher Education ◽  
Teacher Evaluation ◽  
The Other ◽  
Institutions Of Higher Education ◽  
The Public ◽  
Teaching Learning ◽  
Evaluación Docente ◽  
Reference Tool ◽  
Public Accountant

Given the current importance of the role of teacher evaluation in higher education institutions, there is a need to know the current perception that students have of their teachers and use it as a reference tool for decision-making that positively impacts practices of the teaching-learning process, so this research allows to know the strengths and areas of opportunity of teachers of the basic accounting subjects of the Public Accountant degree offered by the Facultad de Contaduría y Administración of the Universidad Autónoma de San Luis Potosí and be used at first as feedback so that teachers make their actions conscious in front of the group and on the other hand serve the institution as an instrument in the design of actions that improve the performance of teachers in their work and thus achieve a Qualitative training of professionals in the accounting area. Finally, this research sets a precedent for both the UASLP and other institutions of higher education to analyze and improve the educational practices of the degrees they offer.

scholarly journals Project Financing per il recupero funzionale ad uso ricettivo del “Forte dei Pianelloni” di Lerici

X ◽  
2020 ◽  
Author(s):  
Norbert Frroku ◽  
Massimo Rovai ◽  
Caterina Calvani
Keyword(s):  
Feasibility Study ◽  
The Other ◽  
Project Financing ◽  
Maintenance Costs ◽  
The Public ◽  
Current State ◽  
Financial Feasibility ◽  
Private Entity ◽  
Definition Of

Project Financing for functional recovery of the “Forte dei Pianelloni” in LericiThe central theme is the Project Financing, a complex financial instrument that can potentially be used to give a new life to a state property with a strong historical and architectural value and in a state of neglect, through the use of public-private partnerships. This evaluation technique makes it possible to understand the economic and financial feasibility of an intervention both for the owner of the asset (the public) and for the private entity that puts the resources for the requalification / restructuring and will own the profits from the management of the asset. Therefore, assuming the role of a Private Financial Promoter, I developed the Preliminary Project and the Feasibility Study with reference to two possible uses. The work was divided in two parts: in the first part the Preliminary Project was a reworking of an architectural relief kindly lent by the municipality of Lerici to expose the current state of the structure adding also hints of history. Then I made two proposals: one hypothesis is a fancy project with Resorts & Suites and the other is a more affordable one with Hostel & Camping; I considered also the differences between the two proposals. To develop the work, the use of a drone for inspections and a 3D printing to create the plastics were also experimented. In the second part that consists in the Feasibility Study was developed through an analysis of the possible positioning on the market with respect to the project hypotheses, the definition of the restructuring, management and maintenance costs. There were also analyzed other fortifications in the Gulf of Spezia, that were already reconverted in other uses. This study highlights the economic and financial feasibility of both design assumptions.

scholarly journals Teología feminista como instancia crítica de las religiones en el espacio público. La propuesta de Elisabeth Schüssler Fiorenza

2012 ◽  
Vol 18 (2) ◽  
Author(s):  
Montserrat Escribano Cárcel
Keyword(s):  
Public Sphere ◽  
Feminist Theology ◽  
The Other ◽  
Critical Hermeneutics ◽  
The Public ◽  
Other Hand ◽  
Catholic Religion ◽  
Critical Feminist ◽  
The One

RESUMENEste artículo se acerca al papel público que las religiones desempeñan en las democracias. Para ello es necesario que cultiven un doble afán. El primero, que mira hacia el exterior y sitúa a la religión católica entre el resto de esferas que definen nuestras sociedades plurales. El artículo cuestiona la tarea ética que puede ejercer esta tradición religiosa y que ha de reforzar el marco democrático en el que todas estas esferas se incluyen. El segundo, que mira hacia el interior de esta religión y ocupa la mayor parte de este artículo, gira en torno a la teología feminista desarrollada por Elisabeth Schüssler Fiorenza. Su sentido crítico está transformando la identidad de los y las creyentes, los horizontes comprensivos religiosos y puede ayudar así a reforzar el papel de las democracias.PALABRAS CLAVERELIGIÓN, ESPACIO PÚBLICO, DELIBERACIÓN, HERMENÉUTICA CRÍTICA Y TEOLOGÍA FEMINISTA CRÍTICA.ABSTRACTThis article approaches the public part religions play in democracies. On the one hand, the Catholic religion has to be set amidst the rest of the spheres, which define our plural societies. In this first part, we will try to evaluate how the Catholic religion helps reinforcing the democratic frame in which it evolves. On the other hand, the largest part of this article will be devoted to the Catholic feminist theology developed by Elisabeth Schüssler Fiorenza not only as a means of changing the identity of believers and their understanding religious horizons, but also as a way of strengthening the role of democracies.KEYWORDSRELIGION, PUBLIC SPHERE, DELIBERATION, CRITICAL HERMENEUTICS AND CRITICAL FEMINIST THEOLOGY

scholarly journals The university, the city and the clown: A theological essay on solidarity, mutuality and prophecy

2015 ◽  
Vol 71 (3) ◽  
Author(s):  
Stephan De Beer
Keyword(s):  
Public University ◽  
The Other ◽  
The Public ◽  
The One ◽  
The University ◽  
The Relationship ◽  
The City ◽  
Liberation Theologian

This essay is informed by five different but interrelated conversations all focusing on the relationship between the city and the university. Suggesting the clown as metaphor, I explore the particular role of the activist scholar, and in particular the liberation theologian that is based at the public university, in his or her engagement with the city. Considering the shackles of the city of capital and its twin, the neoliberal university, on the one hand, and the city of vulnerability on the other, I then propose three clown-like postures of solidarity, mutuality and prophecy to resist the shackles of culture and to imagine and embody daring alternatives.

The Information Access Law as a Full Constitutional Citizenship Instrument

2019 ◽  
pp. 55-72
Author(s):  
Marcilio Barenco Correa de Mello
Keyword(s):  
Information Access ◽  
The Other ◽  
Public Expenditures ◽  
Access To Information ◽  
The Public ◽  
Public Nature ◽  
Public Manager ◽  
The Right ◽  
Right Of Access

This chapter addresses the right of access to information, reinforced as a fundamental rule for citizens in the Brazilian constitutional norm of 1988, now regulated, more closely, from the enactment of the law on access to information in 2011. It represents an important legislative instrument of reinforcement of the principle of publicity, as well as the main infraconstitutional standard guaranteeing access to information. The requirement of a clear and transparent accountability environment by the public manager is a republican assumption of massive participation by society. This is because the right of access to information of a public nature provides a better control of public expenditures, while allowing, on the other hand, promotion of social control of a diffuse nature. It should be pointed out that, with greater knowledge of their own rights, the citizen goes through a faster inclusion process, either in the subjectivation of a minimal role of rights that he does not know, or in the clarification of his duties as a participant in the process of state maintenance.

Ethics in Management and Institutionalization of Ethics

2016 ◽  
pp. 1895-1914
Author(s):  
İlknur Sayan ◽  
Güngör Karaca
Keyword(s):  
Global Market ◽  
The Other ◽  
Role Of Government ◽  
Business World ◽  
The Public ◽  
Ethics Institutionalization ◽  
Cultural Structure ◽  
Over Time

Throughout world economies, place and role of government and public sector have weakened over time, and on the other hand, efficiency, function, and responsibility of the business world and private sector have increased on the global market system. In addition, changing and developing socio-cultural structure has increased social sensitivity stakeholders' consciousness and importance given to ethic values due to increasing social necessities. Ethics turned out to be one of the most important management subjects for entities and governors in the business world. Ethical performance and ethical quality of enterprises are also important for social responsibility towards all stakeholders, enterprises' ethical values, reputation of the enterprise, increasing brand value of goods produced or service provided, providing trust and support of investors, customers, and the public. In this context, ethics, managerial ethics, institutionalization of ethics, and importance of ethical principles in enterprises in terms of corporate managerial principles are evaluated in this chapter.

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