This paper examines the role of social rewards as a corrective mechanism for activities which generate externalities. The focus of this paper is the circumstances under which sicial rewards provide effective and feasible incentive mechanism that may replace laws and regulations.
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Paper provided by Tel Aviv in its series Papers with number
17-96.
Find related papers by JEL classification: C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
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