We investigate the possibility that a decision-maker prefers to avoid making a decision and instead delegates it to an …, which contradicts most theories of choice such as expected utility but is consistent with a theory of responsibility … pattern that is also consistent with this theory and entails substantial allocative consequences. …

In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right … likelihood of receiving her preferred task if she rather than another participant makes the decision. Participants pay more to …

implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in … these markets via both domestic production and imports. Consistent with the theory, we find a negative relationship between …

the United States, although most of the arguments translate immediately to decision-making in other countries. There are …-cost analysis ; environmental policy ; decision making ; choice behavior ; public goods ; willingness-to-pay ; willingness …

Theory and evidence suggest that in an environment of well-anchored expectations, temporary news or shocks to economic …