Post mortem reputation, compensatory gifts and equal bequests
2000 (English)In: Economics Letters, ISSN 0165-1765, Vol. 68, no 2, 165-171 p.Article in journal (Refereed) Published
Suppose that gifts are private information, only known to donor and donee, while bequests are public. Also suppose that parents care about the reputation that their bequest behavior will give them and that reputation deteriorates with the difference in amounts inherited. Then the optimal choice of altruistic parents is compensatory gifts and equal bequests. This is also what data show.
Place, publisher, year, edition, pages
2000. Vol. 68, no 2, 165-171 p.
altruism, bequests, gifts, social norm, private information
Research subject Economics
IdentifiersURN: urn:nbn:se:uu:diva-68870DOI: 10.1016/S0165-1765(99)00202-5OAI: oai:DiVA.org:uu-68870DiVA: diva2:96781