Showing 1 - 10 of 644
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10012467161
We use a unique, new, database to examine micro depositor level data for a bank that faced a run. We use minute-by-minute depositor withdrawal data to understand the effectiveness of deposit insurance, the role of social networks, and the importance of bank-depositor relationships in influencing...
Persistent link: https://www.econbiz.de/10012464366
We conducted a randomized controlled trial testing the effect of modest incentives to attend the gym among new members of a fitness facility, a population that is already engaged in trying to change a health behavior. Our experiment randomized 836 new members of a private gym into a control...
Persistent link: https://www.econbiz.de/10012455115
We present results from a nationally representative survey of American adults, guided by a simple theoretical model expressing health care-seeking behavior as a function of economic and behavioral fundamentals and highlighting the role of trust. We report several findings. First, we document a...
Persistent link: https://www.econbiz.de/10014468228
We study how environmental, social and governance (ESG) investing reshapes information aggregation by prices. We develop a rational expectations equilibrium model in which traditional and green investors are informed about financial and ESG risks but have different preferences over them. Because...
Persistent link: https://www.econbiz.de/10013191008
This study provides an economic analysis of the determinants and consequences of corporate social responsibility (CSR …) and sustainability reporting. To frame our analysis, we consider a widespread mandatory adoption of CSR reporting … effects of CSR activities and policies themselves. It draws on an extensive review of the relevant academic (CSR and non-CSR …
Persistent link: https://www.econbiz.de/10012480115
responsibility (CSR). Our natural field experiment, in which we created our own firm and hired actual workers, generates a rich data … set on worker behavior and responses to both pecuniary and CSR incentives. Making use of a novel identification framework … treatment and selection effects of both CSR and financial incentives. Using data from more than 1100 job seekers, we find strong …
Persistent link: https://www.econbiz.de/10012480166
This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences...
Persistent link: https://www.econbiz.de/10012480484
We document that investors derive nonpecuniary utility from investing in dual-objective VC funds, thus sacrificing returns. Impact funds earn 4.7 percentage points (ppts) lower IRRs ex post than traditional VC funds. In random utility/willingness-to-pay (WTP) models investors accept 2.5-3.7 ppts...
Persistent link: https://www.econbiz.de/10012480526
responsibility (CSR). Using firm-level data on CSR from 2002 through 2015 and panel data on competition laws in 48 countries, we … discover that intensifying competition induces firms to increase CSR activities. Analyses indicate that (a) intensifying … competition spurs firms to invest more in CSR as a strategy for strengthening relationships with workers, suppliers, and customers …
Persistent link: https://www.econbiz.de/10012481348