Julio J. Elias, Nicola Lacetera, Mario Macis, 15 October 2016

Certain ‘repugnant’ transactions, such as the sale of organs, are prohibited on moral grounds, despite substantial potential efficiency gains. This column uses a survey-based experiment to explore public perceptions of the morality–efficiency trade-off in the context of the US kidney procurement system. Respondents are found to accept higher levels of repugnance for higher levels of efficiency. These results suggest room for efficiency concerns alongside moral and ethical considerations.

Christian Schubert, 22 January 2016

Nudges are modifications of people’s choice architecture that impact their behaviour but don’t change their incentives or coerce them. As a policy instrument, nudges have been shown to be effective in changing certain kinds of behaviours. This column explores the ethical issues that arise in employing such potentially manipulative policies. An evaluation programme is outlined that explores a potential policy’s impact on people’s wellbeing, autonomy, and integrity, along with its practical implications.

Guido Tabellini, 22 December 2007

Morality – defined as individual values and convictions about the scope of application of norms of good conduct – is an important factor in individual behaviour and thus economic outcomes. Such values evolve slowly so they are an important channel through which distant political history can influence current economic performance. Here is new evidence supporting this view.

Guido Tabellini, 04 December 2007

Individuals' morality is a key mechanism through which distant political and economic history shapes the functioning of current institutions.


CEPR Policy Research