Using firm and industry data, we establish two facts: (i) Uncertainty about demand conditions not only reduces export …

by growth expectations. Adaptive learning dynamics determine country-specific short run transition paths. Countries …

participation; and (b) a double shift in markets’ expectations, from a regime of credible commitment to future EMU participation …

once we use subjective expectations of the number of visits per week at the time of contract choice. Next, we study how …

-report measures were related to destruction decisions and expectations. The pattern of emotional arousal and its correlation with self …

) Expectations have a significant effect on the probability of punishment but not on the intensity of experienced emotion. This last …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …, we manipulate the rational expectations of subjects and check whether this manipulation influences their effort provision …-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money than if expectations are low. …