We use a laboratory experiment to elicit discount rates over a 20-year time horizon using government savings bonds as a payment vehicle. When using a constant (exponential) discount rate function, we find an implied average discount rate of 4.9 %, which is much lower than has been found in...

It has been often noted (McDowell and Melvin, 1983; Barnett et al., 1988; Piette and Ross, 1992; Sutter and Kocher, 2004) that the share of co-authored papers in economics has been increasing steadily. The purpose of this study is to investigate some of the theories as to why co-authorship has been...

The safe minimum standard (SMS) is a decision rule to preserve renewable resources, unless the social costs of doing so are intolerable. While unpersuasive to many, support for the SMS has been advocated by some economists for settings involving irreversibility and a high degree of uncertainty....