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The Demand for Bad Policy when Voters Underappreciate Equilibrium Effects
Dal Bó, Ernesto - 2016
Although most of the political-economy literature blames inefficient policies on institutions or politicians' motives to supply bad policy, voters may themselves be partially responsible by demanding bad policy. In this paper, we posit that voters may systematically err when assessing potential...
Persistent link: https://www.econbiz.de/10012455764
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Starting Small : Endogenous Stakes and Rational Cooperation
Andreoni, James - 2016
We report experimental results for a twice-played prisoners' dilemma in which the players can choose the allocation of the stakes across the two periods. Our point of departure is the assumption that some (but not all) people are principled to "do the right thing," or cooperate, as long as their...
Persistent link: https://www.econbiz.de/10012456738
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Deterministic and Stochastic Prisoner's Dilemma Games : Experiments in Interdependent Security
Kunreuther, Howard - 2007
This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...
Persistent link: https://www.econbiz.de/10012465365
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Friend or Foe? A Natural Experiment of the Prisoner's Dilemma
List, John A. - 2006
This study examines data drawn from the game show Friend or Foe?, which is similar to the classic prisoner's dilemma tale: partnerships are endogenously determined, players work together to earn money, after which, they play a one-shot prisoner's dilemma game over large stakes: varying from $200...
Persistent link: https://www.econbiz.de/10012466571
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Collective Action : Experimental Evidence
Anauati, María Victoria - 2015
increases. The experiment also points to new avenues for refining the theory. We find that, as the payoff of a successful …
Persistent link: https://www.econbiz.de/10012457730
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Punishment and Cooperation in Stochastic Social Dilemmas
Xiao, Erte - 2012
Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...
Persistent link: https://www.econbiz.de/10012460202
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The Rise of For-Profit Experimental Medicine
Azoulay, Pierre - 2020
Beginning around 1990, academic medical centers have ceased to be the primary locus of industry-sponsored clinical trial activity. Instead, clinical trials have increasingly been conducted in private practices and for-profit, dedicated study sites. We examine the underlying causes of this...
Persistent link: https://www.econbiz.de/10012482072
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Pharmaceutical Stock Price Reactions to Price Constraint Threats and Firm-Level R&D Spending
Golec, Joseph - 2005
legalized reimportation of lower-priced pharmaceuticals from foreign countries. This study uses the Clinton Administration …
Persistent link: https://www.econbiz.de/10012467456
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The Children of the Missed Pill
Rau, Tomás - 2017
We use sharp, massive and unexpected price increases of oral contraceptives--product of a documented case of collusion among pharmaceutical retailers in Chile--as a natural experiment to estimate the impact of access to the Pill on fertility and newborn health. Our empirical strategy combines...
Persistent link: https://www.econbiz.de/10012453803
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Price Elasticities of Pharmaceuticals in a Value-Based-Formulary Setting
Yeung, Kai - 2016
pharmaceuticals, are deemed to be price inelastic with price elasticities of demand (PED) close to -0.20. However, most studies of PED … designed based on drug-specific incremental cost-effectiveness ratios, we estimate price elasticities of pharmaceuticals within … produce positive welfare effects. We estimate an overall PED for pharmaceuticals to be -0.16, close to the estimate of RAND …
Persistent link: https://www.econbiz.de/10012456367