Browsing by Subject "Commercial legitimacy"
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Anger and regulation
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2012)We study a model where agents experience anger when they see a firm that hasdisplayed insufficient concern for their clients' welfare (altruism) makes high profits.Regulation can increase welfare, for example, through fines ...