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aspect of the services of experts (e.g., of doctors, lawyers, and accountants), and the role that voluntary pro bono work … might play. Expert services have un- verifiable quality to non-experts and are subject to moral hazard. Experts who cheat … their customers should crowd out experts who do not, resulting in low trust, prestige, and wages. We ask how pro bono work …
Persistent link: https://www.econbiz.de/10010877904
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10005051581
risk and typically need to assume stability of these characteristics over time and across decision domains. We test the … reliability of two choice tasks for eliciting discount rates, risk aversion, and probability weighting and assess the stability of … largely uncorrelated with decisions in other important life domains involving intertemporal trade-offs and risk. …
Persistent link: https://www.econbiz.de/10010681226
predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels …
Persistent link: https://www.econbiz.de/10010639421
Fiscal restraints have been argued to force today’s governments to internalize the externalities that result from extensive borrowing on future electorates and governments as well as on other countries by causing fiscal instability. In this article we provide an alternative argument for fiscal...
Persistent link: https://www.econbiz.de/10009645641
goods, where prices are regulated by an authority, physicians act as experts. Due to their informational advantage …
Persistent link: https://www.econbiz.de/10005765678
outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call …
Persistent link: https://www.econbiz.de/10010706004
behavior by sellers. This paper presents the results of a natural field experiment on taxi rides in Athens, Greece, set up to …
Persistent link: https://www.econbiz.de/10009020798
private firm. We solve analytically for the Kantian equilibrium of this lobbying game together with the majority voting … more concentrated among the top productivity individuals, their increased lobbying effort generates efficiency as well as …
Persistent link: https://www.econbiz.de/10010877896
In this paper we model the commercial lobbying industry (such as the so-called K-Street lobbyists of Washington, D ….C.). In contrast to classical special interest groups commercial lobbying firms are not directly motivated by policy outcomes … level of commercial lobbying services is typically socially inefficient, and characterize the nature of the distortions …
Persistent link: https://www.econbiz.de/10010877950