BIROn - Birkbeck Institutional Research Online

    Regulating altruistic agents

    Heyes, A. and Kapur, Sandeep (2011) Regulating altruistic agents. Canadian Journal of Economics 44 (1), pp. 227-246. ISSN 0008-4085.

    Full text not available from this repository.


    Altruism or 'regard for others' can encourage self-restraint among generators of negative externalities, thereby mitigating the externality problem. We explore how introducing impure altruism into standard regulatory settings alters regulatory prescriptions. The optimal calibration of both quantitative controls and externality taxes is affected. It also leads to surprising results on the comparative performance of instruments. Under quantity-based regulation, welfare is increasing in the propensity for altruism in the population; under price-based regulation, the relationship is non-monotonic. Price-based regulation is preferred when the population is either predominantly altruistic or predominantly selfish; quantity-based regulation is preferred for cases in between. JEL classification: D62, D64


    Item Type: Article
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Research Centres and Institutes: Innovation Management Research, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 22 Jun 2011 14:21
    Last Modified: 02 Aug 2023 16:55


    Activity Overview
    6 month trend
    6 month trend

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item