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puzzle. In this paper, we investigate the role of emotions as a possible explanation of tax compliance. Our laboratory … perspective of punishment after an audit, especially when the pictures of the evaders are publicly displayed, also raises emotions …
Persistent link: https://www.econbiz.de/10005703574
This paper experimentally studies the effects of competition in an environment where people's actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earnings for the...
Persistent link: https://www.econbiz.de/10005763750
cooperators relieve negative emotions when they punish free riders. In response, the free-riders experience negative emotions when …
Persistent link: https://www.econbiz.de/10008876559
We challenge the recent claim that mispricing in the experimental asset markets introduced by Smith, Suchanek, and Williams (1988) is merely an artefact of confusion over declining fundamental value, and can be eliminated through appropriate training. We instead propose that when training is...
Persistent link: https://www.econbiz.de/10010735644
We study experimental markets in which participants face incentives modeled upon those prevailing in markets for managed funds. Each participant's portfolio is periodically evaluated at market value and ranked in a league table according to short-term paper returns. Those who rank highly attract...
Persistent link: https://www.econbiz.de/10009021892
We study the effect of team decision-making on bubbles and crashes in experimental asset markets of the kind introduced by Smith, Suchanek and Williams (1988). We find that populating such markets with teams of size two instead of individuals significantly reduces the severity of mispricing. In...
Persistent link: https://www.econbiz.de/10008555360
In this paper we examine how children affect happiness and relationships within a family by analyzing two unique questions in the National Longitudinal Study of Youth's 1997 cohort. We find that (a) presence of children is associated with a loss of spousal love; (b) loss of spousal love is...
Persistent link: https://www.econbiz.de/10010757342
-being by analyzing the frequency with which specific emotions are experienced in anticipation of and reaction to job loss … unemployed leads to more frequent experiences of unpleasant emotions only in the short run and that adaptation occurs more …
Persistent link: https://www.econbiz.de/10010700363
We introduce a concept of emotions that emerge when workers compare their own performance with a given standard or with … the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …
Persistent link: https://www.econbiz.de/10005703572
reduction in pay, we argue that the reaction of workers is dominated by emotions. On the other hand, an increase in the nominal … producing a more measured response. We present evidence from experiments showing that self-reported emotions respond strongly to … inflation rate. Although emotions may benefit individual workers, by strengthening their bargaining position and preventing wage …
Persistent link: https://www.econbiz.de/10005763663