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The Donor Problem
Abbink, Klaus; Ellman, Matthew - Barcelona Graduate School of Economics (Barcelona GSE) - 2005
Donors often rely on local intermediaries to deliver benefits to target beneficiaries. Each selected recipient observes if the intermediary under-delivers to them, so they serve as natural monitors. However, they may withhold complaints when feeling unentitled or grateful to the intermediary for...
Persistent link: https://www.econbiz.de/10010851320
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Stable Sunspot Equilibria in a Cash-in-Advance Economy
Evans, George W.; Honkapohja, Seppo; Marimon, Ramon - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
We analyze a monetary model with flexible labor supply, cash-inadvance constraints and seigniorage-financed government deficits. If the intertemporal elasticity of substitution of labor is greater than one, there are two steady states, one determinate and the other indeterminate. If the...
Persistent link: https://www.econbiz.de/10010851434
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Let's Talk: How Communication Affects Contract Design
Brandts, Jordi; Charness, Gary; Ellman, Matthew - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...
Persistent link: https://www.econbiz.de/10010851445
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(Bad) Luck or (Lack of) Effort?: Comparing Social Sharing Norms between US and Europe
Rey-Biel, Pedro; Sheremeta, Roman; Uler, Neslihan - Barcelona Graduate School of Economics (Barcelona GSE) - 2011
We compare the determinants of individual giving between two countries, Spain and the US, which differ in their redistribution policies and their beliefs over the causes of poverty. By varying the information about the determinants of income, we find that, although overall giving is similar in...
Persistent link: https://www.econbiz.de/10010547117
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Organisational structure, communication and group ethics
Ellman, Matthew; Pezanis-Christou, Paul - Barcelona Graduate School of Economics (Barcelona GSE) - 2007
This paper investigates experimentally how organisational decision processes affect the moral motivations of actors inside a firm that must forego profits to reduce harming a third party. In a "vertical" treatment, one insider unilaterally sets the harm-reduction strategy; the other can only...
Persistent link: https://www.econbiz.de/10010547180
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Are Self-regarding Subjects More Rational?
Arruñada, Benito; Casari, Marco; Pancotto, Francesca - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
Through an experiment, we investigate how the level of rationality relates to concerns for equality and efficiency. Subjects perform dictator games and a guessing game. More rational subjects are not more frequently of the self-regarding type. When performing a comparison within the same degree...
Persistent link: https://www.econbiz.de/10010547342
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How Universal is Behavior? A Four Country Comparison of Spite and Cooperation in Voluntary Contribution Mechanisms
Brandts, Jordi; Saijo, Tatsuyoshi; Schram, Arthur - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
This paper studies behavior in experiments with a linear voluntary contributions mechanism for public goods conducted in Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our 'contribution function' design allows us to obtain a view of...
Persistent link: https://www.econbiz.de/10010547363
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On Punishment and Well-being
Brandts, Jordi; Rivas, María Fernanda - Barcelona Graduate School of Economics (Barcelona GSE) - 2007
The existence of punishment opportunities has been shown to cause efficiency in public goods experiments to increase … considerably. In this paper we ask whether punishment also has a downside in terms of process dissatisfaction. We conduct an … experiment to study the conjecture that an environment with stronger punishment possibilities leads to higher material but lower …
Persistent link: https://www.econbiz.de/10010851350
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Stock Price Booms and Expected Capital Gains
Adam, Klaus; Marcet, Albert; Beutel, Johannes - Barcelona Graduate School of Economics (Barcelona GSE) - 2015
investors' subjective capital gains expectations. Survey measures of these expectations display excessive optimism at market … expected returns observed in survey data. We show that models imposing objective or 'rational' price expectations cannot …
Persistent link: https://www.econbiz.de/10011194310
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Is the GDP Growth Rate in NIPA a Welfare Measure?
Durán, Jorge; Licandro, Omar - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
The permanent decline of equipment prices relative to nondurable consumption prices rendered fixed-base quantity indexes obsolete, because of the well-known substitution bias. National Income and Product Accounts (NIPA) responded by switching to a flexible-base quantity index to measure GDP...
Persistent link: https://www.econbiz.de/10010851356