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The Modern Theory of the LOP and PPP: Some Implications

Pippenger, John - Department of Economics, University of California-Santa … - 2004

What I call the modern theories of the law of one price and purchasing power parity extend those theories in two …

Persistent link: https://www.econbiz.de/10010538325

The Australian Private Health Insurance Boom: Was It Subsidies Or Liberalised?

Frech, Ted; Hopkins, Sandra; MacDonald, Gary - Department of Economics, University of California-Santa … - 2002

Over the period 1997 to 2000, the Australian government introduced two waves of price subsidies, then liberalised … coverage may be attributed to liberalised regulation, the price subsidy did increase coverage. The increase was commensurate … with existing estimates of the price elasticity of demand for health insurance. …

Persistent link: https://www.econbiz.de/10010538343

Social and Moral Norms in the Laboratory

Charness, Gary; Schram, Arthur - Department of Economics, University of California-Santa … - 2012

Social norms involve observation by others and external sanctions for violations,while moral norms involve introspection and internal sanctions. We develop a simple model ofindividual preferences that incorporates moral and social norms. We then examine dictatorchoices, where we create a shared...

Persistent link: https://www.econbiz.de/10010678008

The Control Premium: A Preference for Payoff Autonomy

Owens, David; Grossman, Zachary; Fackler, Ryan - Department of Economics, University of California-Santa … - 2012

We document a lower bound for thecontrol premium: agents' willingness to pay to control their own payoff. Participants choose between an asset that will pay only if they later answer a particular quiz question correctly and one that pays only if their partner answers a different question...

Persistent link: https://www.econbiz.de/10010678028

â€œOptimal Contracts with Team Production and Hidden Information: An Experimentâ€

Cabrales, Antonio; Charness, Gary - Department of Economics, University of California-Santa … - 2008

. We devise an experiment to explore optimal contracts in an adverse-selection context. A principal offers one of three …

Persistent link: https://www.econbiz.de/10010843445

MINIMUM ADVERTISED-PRICE POLICY RULES AND RETAILER BEHAVIOR: AN EXPERIMENT BY HEWLETT-PACKARD

Charness, Gary B; Chen, Kay-Yut - Department of Economics, University of California-Santa … - 2001

We tested the effects of various of policy rules on retailer behavior in laboratory experiments conducted at Hewlett-Packard Laboratories. Our experimental design models the multifaceted contemporary market for consumer computer products and is quite complex, but we found that participants can...

Persistent link: https://www.econbiz.de/10010538276

OPTIMAL CONTRACTS WITH TEAM PRODUCTION AND HIDDEN INFORMATION: AN EXPERIMENT

Charness, Gary B; Cabrales, Antonio - Department of Economics, University of California-Santa … - 2008

devise an experiment to explore optimal contracts in a hidden information context. A principal offers one of three possible …

Persistent link: https://www.econbiz.de/10010538305

A Route Choice Experiment With an Efficient Toll

Hartman, John Lawrence - Department of Economics, University of California-Santa … - 2007

Traffic congestion is a substantial time cost for many urban commuters. This paper studies the response of subjects in an experimental setting in which subjects choose between a short direct route that becomes increasingly congested as more people travel on it and a more indirect route that does...

Persistent link: https://www.econbiz.de/10010538314

ALTRUISM, EQUITY, AND RECIPROCITY IN A GIFT-EXCHANGE EXPERIMENT: AN ENCOMPASSING APPROACH

Charness, Gary B; Haruvy, Ernan - Department of Economics, University of California-Santa … - 1999

Considerable experimental evidence suggests that non-pecuniary motives must be addressed when modeling behavior in economic contexts. Recent models of non-pecuniary motives can be classified as either altruism-based, equity-based, or reciprocity-based. We estimate and compare leading approaches...

Persistent link: https://www.econbiz.de/10010538330

BARGAINING EFFICIENCY AND SCREENING: AN EXPERIMENTAL INVESTIGATION

Charness, Gary B - Department of Economics, University of California-Santa … - 1998

This paper investigates whether information about generosity or fairness can be useful in lowering dispute costs and enhancing bargaining efficiency. Subjects were first screened using a dictator game, with the allocations chosen used to separate participants into two types. Mutually anonymous...

Persistent link: https://www.econbiz.de/10010538336