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• Case | HBS Case Collection | 2013

  Progress Energy and Duke Energy (A)

  Guhan Subramanian and Charlotte Krontiris

  Just as Duke Energy and Progress Energy announce their merger, forming the largest utility company in the United States, a nuclear reactor owned by Progress suffers major damage and must be taken offline. The CEO of the new company, Duke head Jim Rogers, must decide whether to repair or retire the broken reactor. This difficult decision is set against a background of deepening crisis as Duke copes with a regulatory investigation, an insurance impasse, and growing doubts about Progress's leadership.

  Keywords: Duke; Progress; nuclear energy; negotiation; Energy Industry;

  Citation:

  Subramanian, Guhan, and Charlotte Krontiris. "Progress Energy and Duke Energy (A)." Harvard Business School Case 913-042, May 2013.

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• Supplement | HBS Case Collection | 2013

  Progress Energy and Duke Energy (B)

  Guhan Subramanian and Charlotte Krontiris

  Keywords: Duke; Progress; nuclear energy; negotiation;

  Citation:

  Subramanian, Guhan, and Charlotte Krontiris. "Progress Energy and Duke Energy (B)." Harvard Business School Supplement 913-043, May 2013.

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• Article | Journal of Personality and Social Psychology | 2013

  Prosocial Spending and Well-Being: Cross-Cultural Evidence for a Psychological Universal

  Lara B. Aknin, Christopher P. Barrington-Leigh, Elizabeth W. Dunn, John F. Helliwell, Justine Burns, Robert Biswas-Diener, Imelda Kemeza, Paul Nyende, Claire Ashton-James and Michael I. Norton

  This research provides the first support for a possible psychological universal: Human beings around the world derive emotional benefits from using their financial resources to help others (prosocial spending). In Study 1, survey data from 136 countries were examined and showed that prosocial spending is associated with greater happiness around the world, in poor and rich countries alike. To test for causality, in Studies 2a and 2b, we used experimental methodology, demonstrating that recalling a past instance of prosocial spending has a causal impact on happiness across countries that differ greatly in terms of wealth(Canada, Uganda, and India). Finally, in Study 3, participants in Canada and South Africa randomly assigned to buy items for charity reported higher levels of positive affect than participants assigned to buy the same items for themselves, even when this prosocial spending did not provide an opportunity to build or strengthen social ties. Our findings suggest that the reward experienced from helping others may be deeply ingrained in human nature, emerging in diverse cultural and economic contexts.

  Keywords: prosocial spending; happiness; psychological universal; prosocial behavior; well-being;

  Citation:

  Aknin, Lara B., Christopher P. Barrington-Leigh, Elizabeth W. Dunn, John F. Helliwell, Justine Burns, Robert Biswas-Diener, Imelda Kemeza, Paul Nyende, Claire Ashton-James, and Michael I. Norton. "Prosocial Spending and Well-Being: Cross-Cultural Evidence for a Psychological Universal." Journal of Personality and Social Psychology 104, no. 4 (2013): 635–652.

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