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Panel Unit Root Tests in the Presence of a Multifactor Error Structure

Pesaran, M. Hashem; Smith, L. Vanessa; Yamagata, Takashi - 2021

This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a multifactor error structure. The basic idea is to exploit information regarding the unobserved factors that are shared by other time series in addition to the variable under...

Persistent link: https://www.econbiz.de/10013316613

Estimation and Inference in Spatial Models with Dominant Units

Pesaran, M. Hashem - 2020

In spatial econometrics literature estimation and inference are carried out assuming that the matrix of spatial or network connections has uniformly bounded absolute column sums in the number of units, n, in the network. This paper relaxes this restriction and allows for one or more units to...

Persistent link: https://www.econbiz.de/10012849715

Incentive Complexity, Bounded Rationality and Effort Provision

Abeler, Johannes; Huffmann, David B.; Raymond, Collin - 2023

Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...

Persistent link: https://www.econbiz.de/10014346847

Coordination with Differential Time Preferences : Experimental Evidence

Agranov, Marina; Kim, Jeongbin; Yariv, Leeat - 2023

The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effects of discounting differentials in...

Persistent link: https://www.econbiz.de/10014348138

Belief Elicitation : Limiting Truth Telling with Information or Incentives

Danz, David - 2020

Belief elicitation is central to inference on economic decision making. The recently introduced Binarized Scoring Rule (BSR) is heralded for its robustness to individuals holding risk averse preferences and for its superior performance when eliciting beliefs. Consequently, the BSR has become the...

Persistent link: https://www.econbiz.de/10012842970

Partial Norms

D'Adda, Giovanna - 2019

related testable predictions, and design an experiment based on a variant of the dictator game that tests for empirical …

Persistent link: https://www.econbiz.de/10012889682

Conspiracy Against the Public Â€“ an Experiment on Collusion

Johnsen, Åshild A. - 2019

theory, while sociological theories of social ties and intergroup comparisons suggest that bilateral cooperation can be … strengthened if there exist outsiders that gain from cooperative break down. We investigate this in a laboratory experiment …

Persistent link: https://www.econbiz.de/10012892045

It's Not My Fault! Self-Confidence and Experimentation

Hestermann, Nina - 2019

external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …

Persistent link: https://www.econbiz.de/10012892079

Endogenous Timing and Income Inequality in the Voluntary Provision of Public Goods : Theory and Experiment

Itaya, Jun-ichi - 2019

supported by the laboratory experiment, although those regarding individuals’ contribution decisions are consistent with the …

Persistent link: https://www.econbiz.de/10012892149

Spin Doctors : A Model and an Experimental Investigation of Vague Disclosure

Deversi, Marvin - 2018

such positive spin? We use a theoretical model and a laboratory experiment to study the strategic use of vagueness in a … interval that contains her actual type. Theory predicts that when facing a possibly naive receiver, the sender discloses an … interval that separates her from worse types but is upwardly vague. Senders in the experiment adopt this strategy and some …

Persistent link: https://www.econbiz.de/10012908648

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