In this paper, we use stated satisfaction to estimate social preferences: subjects report their satisfaction with payment-profiles that hold their own payment constant while varying another subject's payment. This approach yields significant support for the inequity aversion model of Fehr and...

Effective leaders promote cooperation among their followers. Although many studies have focused on approaches to effective leadership, few have studied how social identity—both the leader’s and the group’s—impacts a leader’s effectiveness. We use a theoretical framework and a novel...

Dynamic mechanisms provide a powerful means for optimizing repeated auctions. Imple- menting them is complicated, however, due to a number of conditions that are difficult to satisfy in practice. These include the fact that the auction designer must be clairvoyant, in the sense that they must...