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Price Setting in a Forward-Looking Customer Market

Nakamura, Emi; Steinsson, Jon - EconWPA - 2005

-inconsistency problem. If customers have incomplete information about firms’ desired prices, the optimal policy for the firm is to commit to …

Persistent link: https://www.econbiz.de/10005412576

Habits, Sentiment and Predictable Income in the Dynamics of Aggregate Consumption

Sommer, Martin - EconWPA - 2004

This paper explores whether habit formation in the representative agent’s preferences can explain two failures of the standard permanent income model: the sensitivity to lagged consumer sentiment, and to predictable changes in income. I show that in a habit formation model, the sensitivity of...

Persistent link: https://www.econbiz.de/10005561179

A Parsimonious Macroeconomic Model for Asset Pricing: Habit Formation of Cross-sectional Heterogeneity?

Guvenen, Fatih - EconWPA - 2005

In this paper we study asset prices in a parsimonious two-agent macroeconomic model with two key features: limited participation in the stock market and heterogeneity in the elasticity of intertemporal substitution in consumption. The parameter values for the model are taken from the business...

Persistent link: https://www.econbiz.de/10005561641

The Effects of Self-Managed and Closely-Managed Teams on Labor Productivity and Product Quality: An Empirical Analysis of a Cross Section of Establishments

DeVaro, Jed - EconWPA - 2005

’ choices of teams and whether or not to grant autonomy to team members. One of the main findings is that the typical …I estimate the effect of team production on labor productivity and product quality using a cross section of British … establishment enjoys statistically significant increases in labor productivity (but not product quality) from using teams, though …

Persistent link: https://www.econbiz.de/10005556846

Does It Pay To Pray? Evaluating the Economic Return to Religious Ritual

Ruffle, Bradley J.; Sosis, Richard H. - EconWPA - 2003

Time-consuming and costly religious rituals pose a puzzle for economists committed to rational choice theories of human behavior. We propose that religious rituals promote in-group trust and cooperation that help to overcome collective-action problems. We test this hypothesis on communal...

Persistent link: https://www.econbiz.de/10005062717

Cooperation and the In-Group-Out-Group Bias: A Field Test on Israeli Kibbutz Members and City Residents

Ruffle, Bradley J.; Sosis, Richard H. - EconWPA - 2003

The in-group-out-group bias is among the most well documented and widely observed phenomenon in the social sciences. Despite its role in hiring decisions and job discrimination, negotiations, and conflict and competition between groups, economists have heretofore ignored the in- group-out-group...

Persistent link: https://www.econbiz.de/10005062734

Hiring discrimination in the French financial sector: an econometric analysis on field experiment data

Emmanuel, DUGUET; Pascale, PETIT - EconWPA - 2004

experiment. We find that, on the one hand, the access differences to job interviews by women and men are primarily explained by …

Persistent link: https://www.econbiz.de/10005408369

Risk Pooling, Commitment, and Information: An experimental test of two fundamental assumptions

Barr, Abigail - EconWPA - 2004

information that current underpin current models of risk pooling. A specially designed economic experiment involving 678 subjects … information is associated with less risk pooling.The first of these results accords with our expectations and assumptions … be conducted the networks of risk pooling contracts constructed during the experiment and the networks existing in real …

Persistent link: https://www.econbiz.de/10005118664

Wages and Reciprocity in the Workplace

Barr, Abigail; Serneels, Pieter - EconWPA - 2004

We explore the role of reciprocity in wage determination by combining experimental and survey data. The experiment is …

Persistent link: https://www.econbiz.de/10005118755

Rational and Biased Trust

Barr, Abigail - EconWPA - 2004

This paper investigates whether expectations of trustworthiness and resulting acts of trust accord with an objective model of trustworthiness or are biased. Combining experimental and survey data, I find that Ghanaian workers appropriately take account of the religiousness of trustees, but...

Persistent link: https://www.econbiz.de/10005118769