Showing 1 - 10 of 21
E-nstructions facilitates the use of electronic instructions in computerized laboratory ex-periments in social sciences. In this article I provide a set of guidelines for the installationand the use of E-nstructions.
Persistent link: https://www.econbiz.de/10009248895
We report three repetitions of Falk and Kosfeld's (2006) low and medium control treatmentswith 364 subjects. Each repetition employs a sample drawn from a standard subject pool ofstudents and demographics vary across samples. Our results largely conict with those of theoriginal study. We mainly...
Persistent link: https://www.econbiz.de/10005870900
This article examines the nature of human behavior in a nested socialdilemma referred to as the Spillover Game. Players are divided into twogroups with positive production interdependencies. Based on theoreticallyderived opportunistic, local, and global optima, our experimental...
Persistent link: https://www.econbiz.de/10009022157
Economics and management science share the tradition of ordering risk aversionby fitting the best expected utility (EU … soleindex of risk attitude. (Cumulative) Prospect theory (CPT) has demonstrated vari-ous empirical deficiencies of EU and … introduced the weighting of probabilities as anadditional component to capture risk attitude. However, if utility curvature and …
Persistent link: https://www.econbiz.de/10009022172
competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …
Persistent link: https://www.econbiz.de/10011071300
question, the evidence suggests uncertainty is damaging for short-run investment and hiring, but there is some evidence it may …
Persistent link: https://www.econbiz.de/10011126328
This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …
Persistent link: https://www.econbiz.de/10010884740
Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. We use easily accessible macroeconomic data to shed light on this issue, and find that MPKs are...
Persistent link: https://www.econbiz.de/10010928591
This article estimates the effect of visa restrictions on bilateral trade flows and foreign direct investment (FDI … effects, it is at least questionable whether many of the existing visa restrictions would pass a cost-benefit test. …
Persistent link: https://www.econbiz.de/10010744803
employment, investment and productivity, and a moderate loss in GDP. This temporary impact of a second moment shock is different …
Persistent link: https://www.econbiz.de/10010744930