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In a laboratory experiment, we show that subjects incorporate irrelevant group information into their evaluations of … equally well as individuals from better performing groups. Our experiment leaves room neither for statistical nor taste …-based discrimination. The discrimination we find is rather due to conservatism in updating beliefs. This conservatism is more pronounced in …
Persistent link: https://www.econbiz.de/10009395436
empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should …Auctions are a popular way to raise money for charities, but relatively little is known, either theoretically or … garner more money than winner-pay auctions. We conduct field experiments to test which sealed bid format, first price, second …
Persistent link: https://www.econbiz.de/10005762357
When a multi-plant firm must close one unit due to declining demand it can choose between two alternatives. On the one hand, the firm can announce a certain span of time in which the plants are evaluated according to relative performance with the least performing plant being shut down in the end...
Persistent link: https://www.econbiz.de/10008547892
that never yield an efficient allocation. Moreover, our results extend the efficiency of auction mechanisms to an …
Persistent link: https://www.econbiz.de/10005703500
Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as measured by earnings is examined. Contrarily to previous studies which rely on instrumental variable techniques, selection issues are addressed within a fixed effects framework. The...
Persistent link: https://www.econbiz.de/10008532120
-making in the market also creates positive knowledge spillovers for post-market individual performance in solving new Wason …
Persistent link: https://www.econbiz.de/10008532122
controlling for a possible source of a consensus effect. All models are estimated using data from an experiment of proposal and …
Persistent link: https://www.econbiz.de/10008562544
This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express adults’ willingness to pay for changes in child...
Persistent link: https://www.econbiz.de/10005822923
Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of workers' decisions concerning exposure to fatal injury risk...
Persistent link: https://www.econbiz.de/10011096076
We measure willingness to pay for privacy in a field experiment. Participants were given the choice to buy a maximum of …
Persistent link: https://www.econbiz.de/10008557221