Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use signals the prevalence of free-riding among employees. This paper tests this hypothesis experimentally, using a sample of managers and employees from a...

How can information substitute or complement financial incentives such as Pigouvian subsidies? We answer this question in a large-scale field experiment that cross-randomizes energy efficiency subsidies with information about the financial savings of LED lighting. Information has two effects: It...

I study the performance effect of removing performance pay across various incentive domains. Subjects in the laboratory experiment receive performance pay in either the monetary or time domain during the first working period, after which the incentive is removed in the second working period....

This paper investigates how exploited noise trading behavior is influenced by limited attention. As the daily price limit rules of the Chinese stock market provide a scenario for the exhibition of salient payoffs, speculators elevate prices to attract noise traders with salience preferences into...

How can information substitute or complement financial incentives such as Pigouvian subsidies? We answer this question in a large-scale field experiment that cross-randomizes energy efficiency subsidies with information about the financial savings of LED lighting. Information has two effects: It...

We consider households decision of whether to recycle within a theoretical framework that allows for the inclusion of social and moral motivations and analyze how unit pricing and mandatory recycling a⁄ect the equilibrium in terms of whether and, in the presence of heterogenous households, the...

This paper examines the causal impact of school availability on private tutoring. I use a novel IV strategy and exploit variation across counties in high school construction to separate out the effect of high school construction on private tutoring through changes in availability. I find that an...

In this study, we examine the effects of a discount as a direct price instrument and a nudge in the form of a communication strategy by shops on consumers' choice between reusable and disposable coffee cups in a neoliberal small open economy (Hong Kong). Our regression model comprises 223...

We investigate how the mandatory adoption of International Financial Reporting Standards (IFRS) by publicly listed firms in the European Union affects peer private firms. We find that private firms’ capital investment decreases significantly after the IFRS mandate, relative to public firms....

We use panel data from 30 provinces of China over the period 2002-2019 to examine the effect of rising urban real estate prices on employment. Empirical results, using instrumental variable estimation, show that rising urban real estate prices have a negative and statistically significant impact...